During the year,Cheng Company paid salaries of $24,000.In addition,$8,000 in salaries has accrued by the end of the year but has not been paid.The year-end adjusting entry would include which one of the following?
A) Debit to Salaries Expense for $32,000.
B) Credit to Salaries Expense of $8,000.
C) Debit to Salaries Payable for $24,000.
D) Credit to Salaries Payable for $8,000.
Correct Answer:
Verified
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