Sally's Spices accrued and unpaid wages are $2,000. Which of the following is the required adjusting entry?
A) Debit Salaries Expense, $2,000; credit Salaries Payable, $2,000
B) Credit Salaries Expense, $2,000; debit Salaries Payable, $2,000
C) Debit Cash, $2,000; credit Salaries Expense, $2,000
D) Debit Salaries Payable, $2,000; credit Cash, $2,000

Question

Quizplus · Accepted Answer

The correct adjusting entry for accrued and unpaid wages is to debit Salaries Expense and credit Salaries Payable, reflecting the increase in expense and the liability owed by the company.

Sally's Spices Accrued and Unpaid Wages Are $2,000