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On December 31, Year 1, Hilton Company recognized $600 of accrued salary expense. Hilton paid cash to the employees in Year 2. Which of the following shows how these events will affect Hilton's ledger accounts on December 31, Year 1? Multiple Choice Assets = Liabilities + Stockholders' Equity Accounts Salaries Common Retained Cash + Receivable Payable + Stock Earnings 600 600 O Assets Liabilities + Stockholders' Equity Accounts Salaries Common Retained Cash + Receivable Payable + Stock + Earnings (600) (600 Assets = Liabilities + Stockholders' Equity Accounts Salaries Common Retained Cash | + Receivable Payable + Stock + Earnings 600 (600 Assets = Liabilities + Stockholders' Equity Accounts Salaries Common Retained Cash + Receivable = Payable Stock + Earnings (600) 600 O Assets Liabilities + Stockholders' Equity Accounts Salaries Common Retained Cash + Receivable Payable + Stock + Earnings (600) 600 Assets = Liabilities + Stockholders' Equity Accounts Salaries Common Retained Cash + Receivable Payable + Stock + Earnings (600) 500 Prev 1 2 3 of 3 Next >