ACC112 Q6

Company XYZ made no adjusting entry for accrued and unpaid employee salaries of $5,000 on December 31. The entry to record the adjusting entry should have been: O Debit Salary Expense, $5,000; credit Cash, $5,000 O Debit Salary Expense, $5,000; credit Fees Earned, $5,000 Debit Salary Expense, $5,000; credit Prepaid Salary, $5,000 O Debit Salary Expense, $5,000; credit Salaries Payable, $5,000