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23. The employees of Lucid Labs are paid every two weeks on Friday for a Monday through Friday work week. Total payroll is $1,200 and

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23. The employees of Lucid Labs are paid every two weeks on Friday for a Monday through Friday work week. Total payroll is $1,200 and covers 10 work days. Total payroll is $1,200 and covers 10 days. The end of the current month falls on the second Tuesday of the pay period. What is the adjusting journal entry to accrue payroll at the end of the month? A. Salaries Expense $840 Salaries Payable $360 B. Prepaid Salaries $360 Salaries Payable $360 C. Salaries Expense $840 Prepaid Salaries $360 Salaries Payable $1,200 D. Salaries Expense $840 Salaries Payable $840 E. None of the above

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