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Business, 14.04.2020 18:09 cyniakaofficial
During the year, Cheng Company paid salaries of $22,500. In addition, $8,100 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 $31,600.
B. Credit to Salaries Expense of $8,100.
C. Debit to Salaries Payable for $22,500.
D. Credit to Salaries Payable for $8,100.
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Answers: 3
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During the year, Cheng Company paid salaries of $22,500. In addition, $8,100 in salaries has accrued...
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