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A business in Jordan pays weekly salaries of JOD150,000 on Thursday for a five-day week ending on that day. The adjusting entry necessary at the

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A business in Jordan pays weekly salaries of JOD150,000 on Thursday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Wednesday is; Select one: Odebit Salaries Expense, JOD120,000; credit Cash, JOD120,000. debit Salaries Payable, JOD120,000; credit Cash, JOD120,000. debit Salaries Expense, JOD120,000; credit Salaries Payable, JOD120,000. debit Salaries Expense, JOD30,000; credit Salaries Payable, JOD30,000

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