Sun East Boards is located in Avon by the Sea, New Jersey and rents surfboards and boogie boards by the day to beachgoers. Sun East has a staff of employees who work on the beach each day handling rentals and its normal payroll for the week is $9,600. Employees are paid each Monday for the previous week. If June 30 falls on a Tuesday, the necessary adjusting entry to record salaries expense on June 30 will include a debit to Wages Expense for $5,760. Wages Payable for $3,840. Wages Payable for $5.760. Wages Expense for $3,840. 167 points Acompany recording January consulting revenue on the January income statement, even though the customer paid in December, is an example of the economic entity assumption revenue recognition principle. expense recognition principle. monetary unit assumption