Question
Assume that the weekly payroll of In the Woods Camping Supplies is $2,500. December 31, end of the year, falls on Tuesday, and In
Assume that the weekly payroll of In the Woods Camping Supplies is $2,500. December 31, end of the year, falls on Tuesday, and In the Woods will pay its employee on Friday for the full week. What adjusting entry will In the Woods make on Tuesday, December 31? (Use five days as a full workweek.) Salaries Expense Cash Debit Credit Debit Credit $ 1,500 LA $ 1,500 $ 1,500 $ $ $ 1.500 Salaries Payable Cash Debit Credit Debit Credit $ 1,000 $ 1,000 $ 1,000 $ 1,000 Salaries Expense Salaries Payable Debit Credit Debit Credit $ 1,000 $ 1.000 $ 1,000 $ $ 1.000 Salaries Expense Salaries Payable Debit Credit Debit Credit $ 2,500 2.500 2,500 $ $ 2,500
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