At December 31, your company owes employees for three days of the five day workweek. The total payroll for the week is $7,800. What journal entry should you make at December 31?
a. Nothing because you will pay the employees on Friday.
|
b. |
Salary expense |
4,680 |
|
Salary payable |
4,680 |
|
|
b. |
Salary payable |
4,680 |
|
Salary expense |
4,680 |
|
|
c. |
Salary expense |
7,800 |
|
Salary payable |
7,800 |