lagg records adjusting entries at its December 31 year-end. At December 31 , employees had earned $12,400 of unpaid and unrecorded salaries. The ext payday is January 3 , at which time $31,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and eversing entries were made on December 31 and January 1. Miple Choice Debit Selaries paysbie $31,000; credit Cash $31,000 Debit Salaries expense $12,400, debit Salaries poyoble $18,600; credit Cash $31,000 Debit Salaries expense $31,000; credit Cash $31,000. Debit Salarles expense $18,600, debit Salaries payable $12,400; credit Cash $31,000 Debit Salaries expense $18,600; credit Cash $18,600. lagg records adjusting entries at its December 31 year-end. At December 31 , employees had earned $12,400 of unpaid and unrecorded salaries. The ext payday is January 3 , at which time $31,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and eversing entries were made on December 31 and January 1. Miple Choice Debit Selaries paysbie $31,000; credit Cash $31,000 Debit Salaries expense $12,400, debit Salaries poyoble $18,600; credit Cash $31,000 Debit Salaries expense $31,000; credit Cash $31,000. Debit Salarles expense $18,600, debit Salaries payable $12,400; credit Cash $31,000 Debit Salaries expense $18,600; credit Cash $18,600