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What adjusting entry will dorchester make on tuesday

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Problem 1: Assume that the weekly payroll of Dorchester Camping Supplies is $300. December 31, the end of the year, falls on Tuesday, and Dorchester will pay its employees on Friday for the full week. What adjusting entry will Dorchester make on Tuesday, December 31? (Use five days as a full work week.)

A. Salary expense 120

Salary payable 120

B. Salary payable 300

Salary expense 300

C. Salary expense 180

Cash 180

D. No adjustment is needed because the company will pay the payroll on Friday.

Reference no: EM132746048

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