Flagg records adjusting entries at its December 31 year-end At December 31, employees had earned S8000 of unpaid and recorded salaries. The next payday is January 3, at which time $20,000 will be paid Prepare the January journal entry to reverse the effect of the December 31 salary expense accrual Multiple Choice Debit Salaries expense 512,000, debat Salaries payable 58,000 credit Cash $20,000 Debit Salaries payable $12,000 credit Canh $12,000 Debit Salaries expense $12,000, credit Salaries payable $12.000 O Debit Salaries payable $8,000, credit Salaries expense $8,000 Debit Salaries expense $8,000, credit Salaries payable $8,000