The employees of Clothes About People (CAP) work Monday through Friday. Every second Friday the company issues payroll totaling $29,000. The next pay period ends on Friday, July 3. CAP is preparing quarterly financial statements for the three months ended June 30. What is the adjusting entry necessary to record accrued salaries at the end of June? Multiple Choice 5,800 Salaries expense Salaries payable 5,800 20,300 Salaries expense Salaries payable 20,300 8,700 Prepaid salaries Salaries payable 8,700 Salaries expense Prepaid salaries 20,300 8,700 Multiple Choice 5,800 Salaries expense Salaries payable 5,800 Salaries expense Salaries payable 20,300 20,300 8,700 Prepaid salaries Salaries payable 8,700 Salaries expense Prepaid salaries Salaries payable 20,300 8,700 29,000