A business pays each of its two office employees each Friday at the rate of $60 per day for a five-day week that begins on Monday. If the accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the adjusting entry to record the salaries earned but unpaid is
A) Debit Unpaid Salaries $120 and credit Salaries Payable $120
B) Debit Salaries Payable $240 and credit Office Salaries Expense $240
C) Debit Office Salaries Expense $120 and credit Salaries Payable $120
D) Debit Office Salaries Expense $240 and credit Salaries Payable $240
E) Debit Salaries Expense $240 and credit Cash $240

Question

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The Answer of A business pays each of its two office employees each Friday at the rate of $60 per day for a five-day week that begins on Monday. If the accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the adjusting entry to record the salaries earned but unpaid is
A) Debit Unpaid Salaries $120 and credit Salaries Payable $120
B) Debit Salaries Payable $240 and credit Office Salaries Expense $240
C) Debit Office Salaries Expense $120 and credit Salaries Payable $120
D) Debit Office Salaries Expense $240 and credit Salaries Payable $240
E) Debit Salaries Expense $240 and credit Cash $240

A Business Pays Each of Its Two Office Employees Each