Fitzpatrick Company had $500 of accrued salary expenses that will be paid during the following accounting period. How would the related adjusting entry be recorded in the company's T-accounts?
A.
Salaries Expense | |
500 |
Cash | |
500 |
B.
Salaries Expense | |
500 |
Salaries Payable | |
500 |
C.
Cash | |
500 |
Salaries Expense | |
500 |
D.
Salaries Payable | |
500 |
Salaries Expense | |
500 |
Answer: B
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