The adjusting entry to record the salaries earned due to employees for services provided but unpaid at the end of the accounting period affects the accounts in which of the following ways?
A)Debit Salaries Payable and credit Salaries Expense.
B)Debit Salaries Expense and credit Cash.
C)Debit Accrued Salaries and credit Salaries Payable.
D)Debit Cash and credit Salaries Expense.
E)Debit Salaries Expense and credit Salaries Payable.

Question

Quizplus · Accepted Answer

The adjusting entry for salaries earned but unpaid at the end of the accounting period would involve debiting the Salaries Expense account to recognize the expense, and crediting the Salaries Payable account to record the liability for the unpaid salaries. Therefore, the correct choice is E - Debit Salaries Expense and credit Salaries Payable.

The Adjusting Entry to Record the Salaries Earned Due to Employees