A company pays each of its two office employees each Friday at the rate of $100 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
A. Debit Salaries Expense $400 and credit Salaries Payable $400.
B. Debit Unpaid Salaries $600 and credit Salaries Payable $600.
C. Debit Salaries Payable $400 and credit Salaries Expense $400.
D. Debit Salaries Expense $600 and credit Salaries Payable $600.
E. Debit Salaries Expense $400 and credit Cash $400.
Answer: A
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