newconnect.mheducation.com Connect MC Qu. 203 The correct adjusting entry for ac

Question

newconnect.mheducation.com Connect MC Qu. 203 The correct adjusting entry for accrued and unpaid... The correct adjusting entry for accrued and unpaid employee salaries of $7.500 on December 3t is: ???? ?? Debit Salary Expense. $7500 credit Cash $7.500 Debit Salary Expense, $7500, credit Fees Eamed, $7,500 Debit Salary Expense $7.500, aredit Prepeid Salary $7.500 Detbit Selary Expense, $7s00. edlt Salaries Payabie $2.500 eSalanies Peyable, 57500, credt Salary Expense $7500 Prev ,of 21 ?ll Next Dn Do F7 F5

Explanation / Answer

Adjusting entry Debit Credit Dec-31 Salary expense 7500            Salaries payable 7500

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