Reference no: EM13864851
The correct adjusting entry for accrued and unpaid employee salaries of $8,000 on December 31 is.
Debit Salaries Payable, $8,000; credit Salary Expense $8,000.
Debit Salary Expense, $8,000; credit Salaries Payable, $8,000.
Debit Salary Expense, $8,000; credit Cash, $8,000.
Debit Salary Expense, 8,000; credit Prepaid Salary, 8,000.
Debit Salary Expense, $8,000; credit Fees Earned, $8,000.
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