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Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $10.400 of unpaid and unrecorded salaries. The next payday

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Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $10.400 of unpaid and unrecorded salaries. The next payday is January 3, at which time $26,000 will be paid Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual Multiple Choice Debit Salaries expense $15,600 credit Salones payable $15.600 O Debit Salores payable $15.600, credit Cash $15.600 O Debit Salones payable 510,400. Credit Solonies expense $10.400 O Debit Salaries expense $15,600. debit Salones payable $20.000, credit Cash $20,000 Debit Salaries expense $10,400, credit Salorios payable 510,400

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