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A business pays weekly salaries of $35,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of
A business pays weekly salaries of $35,000 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 Select one: O a. debit Salaries and Wages Expense, $21,000; credit Salaries and Wages Payable, $21,000. b. debit Salaries and Wages Payable, $21,000; credit Cash, $21,000. c. debit Salaries and Wages Expense, $14,000; credit Salaries and Wages Payable, $14,000. d. debit Salaries and Wages Expense, $21,000; credit Cash, $21,000
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