The employees of Yummy Foods work Monday through Friday. Every other Friday the company issues payroll checks totaling $40,000 for 10 days work performed by all of its employees. The current pay period ends on Friday, October 3rd. Yummy Foods is now preparing quarterly financial statements for the three months ended September 30th. What is the adjusting entry to record accrued salaries at the end of September?

Salaries expense 28,000Salaries payable 28,000

Salaries expense 28,000Prepaid salaries 12,000Salaries payable 40,000

Prepaid salaries 12,000Salaries payable 12,000

Salaries expense 8,000Salaries payable 8,000