A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are:

• 1/31	Salaries Expense	1,400
  	Salaries Payable		1,400
  2/9	Salaries Payable	7,000
  	Salaries Expense	1,400
  	Cash		7,000

• 1/31	Salaries Payable	1,400
  	Salaries Expense		1,400
  2/9	Salaries Expense	5,600
  	Salaries Payable	1,400
  	Cash		7,000

• 1/31	Salaries Expense	1,400
  	Cash		1,400
  2/9	Salaries Expense	7,000
  	Cash		7,000

• 1/31	Salaries Expense	1,400
  	Salaries Payable		1,400
  2/9	Salaries Expense	7,000
  	Cash		7,000

• 1/31	Salaries Expense	1,400
  	Salaries Payable		1,400
  2/9	Salaries Expense	5,600
  	Salaries Payable	1,400
  	Cash		7,000

Answer rating: 100% (QA)

The correct journal entries for the companys accrued salaries on January ... View the full answer