A business pays each of its two office employees each Friday at the rate of $60 per day for a five-day week that begins on Monday. If the accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the adjusting entry to record the salaries earned but unpaid is__________________.

Debit Office Salaries Expense $240 and credit Salaries Payable $240

Debit Unpaid Salaries $120 and credit Salaries Payable $120

Debit Office Salaries Expense $120 and credit Salaries Payable $120

Debit Salaries Payable $240 and credit Office Salaries Expense $240

Debit Salaries Expense $240 and credit Cash $240

Answer rating: 100% (QA)

Correct answerOption c Debit Office Salaries Expense 120 and credit Sala... View the full answer