Flagg records adjusting entries at its December 31 year-end. At December 31 , employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3 , at which time $30,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual. Select one: a. Debit Salaries expense $12,000; credit Salaries payable $12,000. b. Debit Salaries expense $18,000; debit Salaries payable $12,000; credit Cash $30,000. C. Debit Salaries payable $18,000; credit Cash $18,000. d. Debit Salaries payable $12,000, credit Salaries expense $12,000. e. Debit Salaries expense $18,000; credit Salaries payable $18,000