A company pays its workforce on Fridays for a five-day workweek ending on that day.The payroll for a week is $100,000.If the accounting year-end falls on a Tuesday,the adjusting journal entry to record this will include a
A) debit to Salaries and Wages Expense $100,000.
B) debit to Salaries and Wages Expense $40,000.
C) credit to Salaries and Wages Payable $60,000.
D) credit to Salaries and Wages Payable $100,000.
Correct Answer:
Verified
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