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(1) - Question 6 Not yet answered Marked out of 1.00 Flag question A business pays weekly salaries of $20,000 on Friday for a five-day
(1) - Question 6 Not yet answered Marked out of 1.00 Flag question A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is Select one: a. debit Salaries Expense, $4,000; credit Salaries Payable, $4,000 b. debit Salaries Expense, $16,000; credit Salaries Payable, $16,000. c. debit Salaries Payable, $16,000; credit Cash, $16,000. d. debit Salaries Expense, $16,000; credit Cash, $16,000
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