#1(Chapters 1, 2, 3) Help Save & ExitSubmit Sanborn Company has 10 employees, who earn a total of $3,800 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is: 00-1309 Multiple Choice Debit Salaries Payable, $11,400 credit Salanies Expense, $11,400 Debit Salaries Expense, $11,400; credit Salaries Payable, $11,400 Debit Salaries Expense, $11,400, credit Cosh, $11,400 Debit Salaries Expense, $19,000,credit Salaries Payable. $19,000 Debit Salaries Expense, $7600: credit Salaries Payable, $7600.