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Assume that the weekly payroll of Off the Runway Boutique is $310. December 31, end of the year, falls on Tuesday, and Off the Runway

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Assume that the weekly payroll of Off the Runway Boutique is $310. December 31, end of the year, falls on Tuesday, and Off the Runway will pay its employee on Friday for the full week. What adjusting entry will Off the Runway make on Tuesday, December 31? (Use five days as a full workweek.) Date Accounts and Explanation Debit Credit A. Salaries Expense Salaries Payable 124 OB. . 310 Salaries Payable Salaries Expense 310 Salaries Expense Cash 124 OD. || No adjustment is needed because the company will pay the payroll on Friday

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