A business pays biweekly salaries of $20,000 every other Friday for a 10-day period ending on that day. The adjusting entry necessary at the end of the fiscal period ending on the second Wednesday of the pay period includes a
A) debit to Salary Expense of $8,000
B) debit to Salaries Payable of $8,000
C) credit to Salary Expense of $16,000
D) credit to Salaries Payable of $16,000

Question

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The Answer of A business pays biweekly salaries of $20,000 every other Friday for a 10-day period ending on that day. The adjusting entry necessary at the end of the fiscal period ending on the second Wednesday of the pay period includes a
A) debit to Salary Expense of $8,000
B) debit to Salaries Payable of $8,000
C) credit to Salary Expense of $16,000
D) credit to Salaries Payable of $16,000

A Business Pays Biweekly Salaries of $20,000 Every Other Friday