Question $16$

$2$ pts

At the end of the fiscal year, an adjusting entry was made for accrued salaries of $$500.$ The salaries for one week, $$1,250,$ were paid on the first Friday of the new fiscal period. The entry to record paying the salaries expense for the week would be a

Salaries Exp Debit, $$750$; Salaries Payable, Debit, $$500$; Cash, Credit, $$1,250$

Salaries Exp, Debit, $$500$; Salaries Payable, Debit, $$750$; Cash, Credit, $$1,250$

Salaries Exp, Debit, $$1,250$; Cash, Credit, $$1,250$

Salaries Exp, Debit, $$1,250$; Salaries Payable, Credit, $$1,250$