A business pays weekly salaries of $28600 on Friday 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

A business pays weekly salaries of $28600 on Friday 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 O debit Salaries and Wages Payable, $17160; credit Cash, $17160. O debit Salaries and Wages Expense, $17160; credit Cash, $17160. O debit Salaries and Wages Expense, $17160; credit Salaries and Wages Payable, $17160. O debit Salaries and Wages Expense, $11440; credit Salaries and Wages Payable, $11440