Adjusting entry for accrued and unpaid employee salaries

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Reference no: EM131264876

The correct adjusting entry for accrued and unpaid employee salaries of $9,200 on December 31. Debit Salary Expense, $9200; credit Prepaid Salary, $9200. Debit Salary Expense, $9200; credit Salaries Payable, $9200. Debit Salary Expense, $9200; credit Cash, $9200. Debit Salary Expense, $9200; credit Fees Earned, $9200. Debit Salaries Payable, $9200; credit Salary Expense $9200.

Reference no: EM131264876

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