The adjusting entry to record the earned but unpaid salaries of employees at the end of the accounting period is:

Question

Quizplus · Accepted Answer

The adjusting entry to record the earned but unpaid salaries of employees would involve debiting the Salaries Expense account to recognize the expense and crediting the Salaries Payable account to recognize the liability. Therefore, the correct choice is D. A is incorrect because the debit should be to the Salaries Expense account, not Unpaid Salaries. B is incorrect because it is reversing the initial entry of recording the accrued salaries as a liability. C is incorrect because it is recording the expense as a cash transaction, which is not accurate.

The Adjusting Entry to Record the Earned but Unpaid Salaries