Assume That the City of Juneau Maintains Its Books and Records

Assume that the City of Juneau maintains its books and records to facilitate the preparation of its government-wide financial statements.The City pays its employees bi-weekly on Friday.The fiscal year ended on Wednesday, June 30.Employees had been paid on Friday, June 25.The employees paid from the General Fund had earned $120,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30) .They will earn $80,000 on Thursday and Friday (July 1 and 2) .What entry, if any, should be made on June 30?

A) Debit Expenditures $120,000; Credit Wages and Salaries Payable $120,000.
B) Debit Expenditure $200,000; Credit Wages and Salaries Payable $200,000.
C) Debit Expenses $120,000; Credit Wages and Salaries Payable $120,000.
D) No entry is required.