Assume that the weekly payroll of Blank Canvas Art Supply is $320. December 31, end of the year, falls on Tuesday, and Blank Canvas will pay its employee on Friday for the full week. What adjusting entry will Blank Canvas make on Tuesday, December 31? (Use five days as a full workweek)

Date Accounts and Explanation Debit Credit DA. 128 Salaries Expense Salaries Payable 128 320 Salaries Payable Salaries Expense 320 128 Salaries Expense Cash 128 OD. No adjustment is needed because the company will pay the payroll on Friday