20) Ruel Records weekly payroll of $500 is paid on Fridays. Assume that the last day of the

month falls on Tuesday. Which of the following adjusting journal entries is needed on that date?

A) Salaries Expense 500

Salaries Payable 500

B) Salaries Expense 300

Salaries Payable 300

C) Salaries Expense 200

Salaries Payable 200

D) Salaries Payable 300

Salaries Expense 300