The required adjusting entry

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A company's five-day weekly payroll of $510 is paid on Fridays. Assume that the last day of the month falls on a Wednesday. Which of the following is the required adjusting entry?

Debit Salaries Payable $306 and credit Salaries Expense $306

Debit Salaries Expense $306 and credit Salaries Payable $306

Debit Unpaid Salaries $306 and credit Salaries Payable $306

Debit Salaries Expense $204 and credit Salaries Payable $204

Reference no: EM131262467

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