General Ledger Prior to adjustment at August 31 , Salary Expense has a debit balance of $267,550. Salaries owed but not paid as of the same date total $3,920. Required: Present the entries to record the following: 1. Accrued salaries as of August 31. * 2. The effect of closing of Salary Expense as of August 31. * Refer to the Chart of Accounts for exact wording of account titles. 1. Present the entry to record the accrued salaries as of August 31. Refer to the Chart of Accounts for exact wording of account titles. 2. Present the entry to record the effect of closing of salary expense as of August 31. Refer to the Chart of Accounts for exact wording of account titles