A company pays weekly salaries of $10,000 each Friday for a five-day week ending on...
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Accounting
A company pays weekly salaries of $10,000 each Friday for a five-day week ending on that day. The accrual required for a fiscal period ending on Thursday is: a. Debit Salaries Payable, $8,000; credit Cash, $8,000 b. Debit Salary Expense, $8,000; credit Drawing, $8,000 c. Debit Salary Expense, $8,000; credit Salaries Payable, $8,000 d. Debit Drawing, $8,000; credit Cash, $8,000
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