Question
Creations by Brahtz has a weekly payroll of $180,000 is paid every Friday for a 5-day workweek. Assume that the last day of the fiscal
Creations by Brahtz has a weekly payroll of $180,000 is paid every Friday for a 5-day workweek. Assume that the last day of the fiscal year falls on Tuesday. Which of the following journal entries would be made on the first Friday following the year-end? Group of answer choices
A. A debit to Salaries Expense of $108,000, a credit to Salaries Payable of $108,000
B. A debit to Salaries Expense of $108,000, a debit to Salaries Payable of $72,000, and a credit to Cash of $180,000
C. A cebit to Salaries Expense of $72,000, a debit to Salaries Payable of $108,000 and a credit to Cash of $180,000
D. A debit to Salaries Expense of $72,000 and a credit to Cash of $72,000
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