not sure if e is correct

24. Holly Jolly Company pays salaries to its employees on the fifth of every month for work done in the previous month. Total payroll is $40,000 per month. On December 31, what entry should Holly Jolly make if it is preparing year-end statements? a. Cash 40,000 Salaries Payable 40,000 b. Salaries Expense 40,000 Salaries Payable 40,000 c. Sa laries Expense 40,000 Cash 40,000 d. Salaries Payable 40,000 Sa laries Expense I 40,000 e. Cash 40,000 Salaries Expense 40,000