Solution-What adjusting entry must be made at the end of

What adjusting entry must be made at the end of the month

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Question - At Johnson Co., total employee salaries are $5,000 each Friday for a 5-day work week (Monday - Friday). Assuming the month ends on Thursday, what adjusting entry must be made at the end of the month relating to employee salaries? (Assume the employees earn the same amount daily over the 5 days, and that adjusting entries are made as of the end of the day on Thursday.)

a. a debit to Salaries Payable and a credit to Salaries Expense for $1,000

b. a debit to Salaries Payable and a credit to Salaries Expense for $4,000

c. a debit to Salaries Expense and a credit to Salaries Payable for $1,000

d. a debit to Salaries Expense and a credit to Salaries Payable for $4,000

Reference no: EM132628486

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What adjusting entry must be made at the end of the month

Reference no: EM132628486

Reference no: EM132628486

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