On December 31,2014,salaries owed to employees total $4,150.These will be paid on January 4,2015.An adjusted trial balance prepared on December 31,2014,includes which of the following?

Question

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Salaries owed to employees at year-end that will be paid in the following year are considered a liability and should be recorded as Salaries Payable. The adjusting entry would include Salaries Expense and Salaries Payable. Option B is incorrect because Unearned Salaries Revenue is a liability account used to record payments received in advance for work that has not yet been performed, which does not apply in this scenario. Option C is incorrect because Unearned Salaries is not a valid account for this scenario. Option D is incorrect because it includes both Salaries Payable and Unearned Salaries, neither of which accurately reflect the situation.

On December 31,2014,salaries Owed to Employees Total $4,150