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2 points A business pays weekly salaries of 200,000 on Friday for a five-day week ending on that day. If the period ends on Wednesday,
2 points A business pays weekly salaries of 200,000 on Friday for a five-day week ending on that day. If the period ends on Wednesday, the adjusting entry is * O a. debit Salaries Expense, 120,000; credit Withdrawals, 120,000 b. debit Salaries Expense, 120,000; credit Salaries Payable, 120,000 O c. debit Withdrawals, 120,000; credit Salaries Payable, 120,000 O d. debit Salaries Payable, 120,000; credit Salaries Expense, 120,000 O e. none of these
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