Assessment $9$: $($Static$)$ If a company recognizes.. LO $2-2$

If a company recognizes $$5,000$ of accrued salary expense on December $31,$ Year $1,$

Multiple Choice

on January $1,$ Year $2$ there will be a zero balance in the Accrued Salaries Expense account.

on January $1,$ Year $2$ there will be a $$5,000$ balance in the Accrued Salaries Payable account.

the December $31,$ Year $1$ expense recognition will not affect the cash account.

All of the answer are correct.