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2022 On December 31, 2021, Horizon Corporation failed to accrue salaries expense of $1200. In January , when it paid employees for the December 27-January
2022 On December 31, 2021, Horizon Corporation failed to accrue salaries expense of $1200. In January , when it paid employees for the December 27-January 2 workweek, Horizon made following entry. Debit Salaries expense for 1,800 and credit cash for 1,860 The correcting adjusting entry at Feburary 3, 2022 includes a A) Credit to salaries payable for $1,200 B) Debit to retained earnings for $600 c) Debit to salaries expense for $1,800 D) Credit to retained earnings for $1,800 E) Credit to salaries expense for 1,200
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