The accrued salary expense journal entry is a debit to Salaries Expense and a credit to Salaries Payable for $1,000 on December 31. The company chooses not to record reversing entries and pays its weekly payroll of $5,000 on January 3 of the following year. The journal entry would include a

Answer rating: 100% (QA)

The journal entry on January 3rd would include a debit to Salaries Expense and a credit to Cash for ... View the full answer