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Which entries would be prepared to record payment of salary

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Reference no: EM132958178

Problem 1: An adjusting entry was made on year end December 31 to accrue salary expense of $1,400. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $3,400 payment of Salaries in January of the following year?

Salaries Expense, Cash?
Salaries Payable, Cash?
Salaries Expense, Salaries Payable?
Salaries Payable, Salaries Expense, cash?

Reference no: EM132958178

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