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An employee starts working for a company at the beginning of December (the last month...

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Accounting

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An employee starts working for a company at the beginning of December (the last month of the company's fiscal year). In January, the company pays $1,500 in cash to the employee for the work performed in December. Which of the following journal entries should the company record at the end of December? Debit Salaries Payable \$1,500; Credit Cash $1,500 Debit Cash \$1,500; Debit Salaries Payable $1,500 Debit Salaries Expense \$1,500; Credit Salaries Payable $1,500 Debit Salaries Payable $1,500; Credit Salaries Expense $1,500 No entry necessary

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