As the controller of Chardon Consulting, you have hired a new employee, whom you must train. She objects to making an adjusting entry for accrued salaries at the end of the period. She reasons, "We will pay the salaries soon. Why not wait until payment to record the expense? In the end, the result will be the same. Winte a reply to explain to the employee why the adjusting entry is needed for accrued salary expense. At the end of the period we must make an adjusting entry for accrued salary expense to report all our salary expense of the period expense is our asset owed from employees we fail to make this adjustment, we understate both expenses and liabilities understate net income and retained earnings on our financial statements The unpaid salary As a result we would