A business has a weekly payroll of $21,000, paid each Friday (seven day pay period, Saturday Friday). December 31 falls on Wednesday. What is the correct adjusting journal entry?

Select one:

a.

Debit Salary Expense, $15,000; Credit Salary Payable, $15,000

b.

Debit Salary Payable, $3,000; Credit Salary Expense, $3,000

c.

Debit Salary Expense, $21,000; Credit Salary Payable, $21,000

d.

Debit Salary Expense, $9,000; Credit Salary Payable, $9,000