A business has a weekly payroll of $3,395 and pays its employees every Friday. The end of each pay period is Friday. Employees work seven days a week. This year, the last day of the company's fiscal year end is a Wednesday, May 31. A. What is the correct adjusting entry to record salaries expense? The adjusting entry requires a debit to Salaries expense and a credit to Salaries payable for (dollar amount without dollar sign ($) or comma, e.g. 15000) of 970 x . B. What entry would the business make when it next pays the employees? The business would record a salaries expense of (dollar amount without dollar sign ($) when the employees are paid. or comma, e.g. 15000) 970 Employees are paid 3395 (dollar amount without dollar sign ($) or comma, e.g. 15000) on pay day. What calendar day is payday? June 2 A. What is the correct adjusting entry to record salaries expense? The adjusting entry requires a debit to Salaries expense Salaries payable and a credit to for (dollar amount without dollar sign ($) or comma, e.g. 15000) of 970 B. What entry would the business make when it next pays the employees? The business would record a salaries expense of (dollar amount without dollar sign ($) or comma, e.g. 15000) 970 Employees are paid 3395 when the employees are e paid. (dollar amount without dollar sign ($) or comma, e.g. 15000) on pay day. What calendar day is payday? June 2 A. Salaries expense = $3,395 * 5/7 = $2,425 Salaries expense (Dr) and salaries payable (Cr) B. Salaries expense = $3,395 * 2/5 = $970 June 2 L