An adjusting entry was made on year-end December 31 to accrue salary expense of $1, 200. Which of the following entries would be prepared to record the $3,000 payment of salaries in January of the following year? Salaries Expense........................... 3,000 Cash ........................... 3,000 Salaries Payable ........................... 3,000 Cash ............................. 3,000 Salaries Payable ........................... 1, 200 Cash ........................... 1, 200 Salaries Expense ........................... 1, 200 Salaries Payable ........................... 1, 200 Salaries Payable ........................... 1, 200 Salaries Expense ........................... 1, 800 Cash ........................... 3,000 A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E The difference between the cost of an asset and the accumulated depreciation for that asset is called A. Depreciation Expense. B. Unearned Depreciation. C. Prepaid Depreciation. D. Depreciation Value. E. Book Value