Millie\'s Bakery employees earn $450 a week for a five-day work week and are pai

Question

Millie's Bakery employees earn $450 a week for a five-day work week and are paid every Friday. If December 31 falls on a Wednesday, calculate the amount that is owed and select the adjusting entry needed to record the owed but unpaid salaries as of December 31.

a debit to Income Summary for $180 and a credit to Salaries Payable for $180.

a debit to Salaries Expense for $450 and a credit to Salaries Payable for $450.

a debit to Salaries Expense for $270 and a credit to Salaries Payable for $270.

a debit to Salaries Payable for $270 and a credit to Salaries Expense for $270.

Explanation / Answer

a debit to Salaries Expense for $270 and a credit to Salaries Payable for $270.

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