On December 31, 20X5, Dravecky Enterprises closes its books. Payday is on January 3, 20X6,...
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On December 31, 20X5, Dravecky Enterprises closes its books. Payday is on January 3, 20X6, in the amount of $100,000. As of December 31, 20X5, employees have worked three of the five days in the pay period. Whats the journal entry to record the accrual of salary expense as of December 31, 20X5? A Debit Salary Expense $60,000, and credit Cash $60,000. B Debit Salary Expense $40,000, and credit Salary Payable $40,000. C Debit Salary Expense $100,000, and credit Salary Payable $100,000. D
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