8. Delaney's is a popular student restaurant near Concordia. The company has five full-time servers who...

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8. Delaney's is a popular student restaurant near Concordia. The company has five full-time servers who each work 35 hours per week at $15 per hour. At July 31, salaries for the last week of July were scheduled to be paid on August 6 while salaries for the first three weeks were paid during the month of July. Delaney's accountant was sick throughout the month of July, therefore, no journal entries were recorded since June 30. You were brought in to help record the necessary journal entries. The journal entry to record the servers' salaries on July 31 for the month of July would consist of: a) Debit Salaries Expense $10,500; Credit Cash $7,875; Credit Salaries Payable $2,625 b) Debit Salaries Expense $10,500; Credit Salaries Payable $10,500 c) Debit Salaries Expense $2,100; Credit Cash $1,575; Credit Salaries Payable $525 d) Debit Salaries Expense $2,625; Credit Salaries Payable $2,625 8. Delaney's is a popular student restaurant near Concordia. The company has five full-time servers who each work 35 hours per week at $15 per hour. At July 31, salaries for the last week of July were scheduled to be paid on August 6 while salaries for the first three weeks were paid during the month of July. Delaney's accountant was sick throughout the month of July, therefore, no journal entries were recorded since June 30. You were brought in to help record the necessary journal entries. The journal entry to record the servers' salaries on July 31 for the month of July would consist of: a) Debit Salaries Expense $10,500; Credit Cash $7,875; Credit Salaries Payable $2,625 b) Debit Salaries Expense $10,500; Credit Salaries Payable $10,500 c) Debit Salaries Expense $2,100; Credit Cash $1,575; Credit Salaries Payable $525 d) Debit Salaries Expense $2,625; Credit Salaries Payable $2,625

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