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Brenn Company paid employee salaries on Friday, December 26. The next payroll will be paid in January. There are three more working days in December
Brenn Company paid employee salaries on Friday, December 26. The next payroll will be paid in January. There are three more working days in December (29-31). Employees work a 5 day week and the company pays 800 a day in salaries. What will be the adjusting entry to accrued salaries expense at the end of January?
A. DR Salaries Expense 2,400 CR Salaries Payable 2,400
B. DR Salaries Expense 4,000 CR Salaries Payable 4,000
C. DR Salaries Expense 800 CR Salaries Payable 800
D. No adjusting entry is required
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