Horvat Co. is open for business five days a week (closed Thursday & Friday) Weekly total salaries of $10,200 are paid every Thursday morning to employees for salary earned during the previous five-day workwee (Sat-Wed). The company has a Dec 31 fiscal year end which falls on Monday this year. Salaries were last paid on Thursday, Dec 27 (for Dec 22 to Dec 26). The next pay day is Thurs, Jan 3 (for Dec 29 to Jan 2). What is the adjusting journal entry at year end? Debit Salaries Expense and Credit Salanes Payable $3,400 Debit Salanes Expense and Credit Cash $6,120 Debit Salaries Payable and Credit Salaries Expense $3,400 Debit Salaries Expense and Credit Salaries Payable 56,120 My Lula Selalles of $10, (Sat-Wed). The company has a Dec 31 fiscal year-end which falls on Monday this year. Salaries were last p What is the adjusting journal entry at year-end? Debit Salaries Expense and Credit Salaries Payable $3,400 Debit Salaries Expense and Credit Cash $6,120 O Debit Salaries Payable and Credit Salaries Expense $3,400 O Debit Salaries Expense and Credit Salaries Payable $6,120 Horvat Co. is open for business five days a week (closed Thursday & Friday). Weekly total salaries (Sat-Wed). The company has a Dec 31 fiscal year-end which falls on Monday this year. Salaries we What is the adjusting journal entry at year-end? Debit Salaries Expense and Credit Salaries Payable $3,400 O Debit Salaries Expense and Credit Cash $6,120 O Debit Salaries Payable and Credit Salaries Expense $3,400 O Debit Salaries Expense and Credit Salaries Payable $6,120 Weekly total salaries of $10,200 are paid every Thursday morning to employees for salary earned during the previous five-day workweek - this year. Salaries were last paid on Thursday, Dec 27 (for Dec 22 to Dec 26). The next pay day is Thurs, Jan 3 (for Dec 29 to Jan 2)