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During the year, Cheng Company paid salaries of $24,000. In addition, $9100 in salaries has accrued by the end of the year but has not
During the year, Cheng Company paid salaries of $24,000. In addition, $9100 in salaries has accrued by the end of the year but has not been paid. The year-end adjusting entry would include which one of the following?
Credit to salaries payable for $9100
Credit to salaries expense of $9100
Debit to salaries expense for $33,100
Debit to salaries payable for $24,000
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