At the end of the fiscal year, an adjusting entry was made for accrued salaries of $500.

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Question:

At the end of the fiscal year, an adjusting entry was made for accrued salaries of $500. On the first day of the new year the adjusting entry was reversed. The salaries for one week, $1,250, were paid on the first Friday. The entry to record paying the salaries expense for the week would be a

Sal. Exp., dr., $750; Salaries Payable, dr., $500; Cash, cr., $1,250

Sal. Exp., dr., $500; Salaries Payable, dr., $750; Cash, cr., $1,250

Salaries Exp., dr., $1,250; Cash, cr., $1,250

Salaries Exp., dr., $1,250; Salaries Payable, cr., $1,250