What is the adjusting journal entry to accrue payroll

Reference no: EM131022126

The employees of Lucid Laboratories are paid every two weeks on Friday. Total payroll is? $25,000 and covers 10 workdays. The end of the current month falls on the second Tuesday of the pay period. What is the adjusting journal entry to accrue payroll at the end of the? month?

A. salaries expense 7500
salaries payable 7500

B. Slararies expense 17500
salaries payable 17500

C. Prepaid salaries 7500
Salaries payable 7500

D. Slaries expense 17500
Prepaid Salaries 7500
Salaries Payable 25000

Reference no: EM131022126

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