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Bonzo Associates, Inc recorded salaries expense of $ 1 3 0 , 0 0 0 in 2 0 0 4 . However, additional salaries of

Bonzo Associates, Inc recorded salaries expense of $130,000 in 2004. However, additional salaries of $5,000 had been earned, but not paid or recorded at December 31,2004. After the adjustments are recorded and posted at December 31,2004, the balances in the Salaries Expense and Salaries Payable accounts will be Question 18Select one: a. Salaries Expense = $135,000 Salaries Payable = $-0- b. Salaries Expense = $125,000 Salaries Payable = $5,000 c. Salaries Expense = $130,000 Salaries Payable = $5,000 d. Salaries Expense = $135,000 Salaries Payable = $5,000

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