A business has a weekly payroll of $20,000, paid each Friday (employees work Monday Friday). December 31 falls on Tuesday. What is the correct adjusting journal entry?

Select one:

a. Debit Salary Expense, $20,000; Credit Salary Payable, $20,000

b. Debit Salary Payable, $4,000; Credit Salary Expense, $4,000

c. Debit Salary Expense, $16,000; Credit Salary Payable, $16,000

d. Debit Salary Expense, $8,000; Credit Salary Payable, $8,000