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What the entry for the payment of the payroll on friday

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Problem 1: A business pays biweekly salaries of $20,000 every other Friday for a ten-day period ending on that day. The last payday of December is Friday, December 27. Assume the next pay period begins on Monday, December 30, and the proper adjusting entry is journalized at the end of the fiscal period (December 31). The entry for the payment of the payroll on Friday, January 10, includes a

Option 1: debit to Salary Expense of $16,000
Option 2: debit to Salary Expense of $4,000
Option 3: credit to Salaries Payable of $16,000
Option 4: credit to Salaries Payable of $4,000

Reference no: EM132984906

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