Alex Company has 10 employees, who earn a total of $1,950 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday, Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is: Debit Salaries Expense, $9,750; credit Accruals. $9,750. Debit Salaries Expense, $5,850; credit Accruals, $5,850. Debit Prepayments, $5,850, credit Salaries Expense, $5,850. Debit Salaries Expense. $5,850, credit Cash $5,850. O Debit Salaries Expense, $3,900; credit Accruals, $3,900