Flagg records adjusting entries at its December 31 year-end Al December 31, employees had eamed $11.600 of unpaid and unrecorded stories The next payday is January 3, of which time $29.000 will be paid Prepare the January 1journal entry to reverse the effect of the December 31 Salory expense accrual Multiple Choice Debi Salanes expense $11,600. Cred Swanes payable $11,600 Debit Salaries expense 547400, debit Sawie proble11600, cred Cash $29.000 Deot Swane payable $17,400.credit Cash S12400 Debit Sans payable $11.600.cred Saares expense S11600 Debit Swanesexene 517400 Credit Salaries payable 517400