A business pays weekly salaries on Friday of $25,000 for a five-day week ending on Friday. Assuming the fiscal period ends on a Wednesday, the adjusting entry for accrued salaries would involve a:
A) debit to salary payable for $10,000.
B) debit to salary expense for $15,000.
C) credit to salary payable for $10,000.
D) credit to salary expense for $15,000.
Correct Answer:
Verified
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