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Assume that...

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Accounting

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Assume that the weekly payroll of In the Woods Camping Supplies is $310. December 31, end of the year, falls on Tuesday, and In the Woods will pay its employee on Friday for the full week. What adjusting entry will in the Woods make on Tuesday, December 31? (Use five days as a full workweek.) OA Accounts and Explanation Debit Credit 124 Salaries Expense Cash 124 Accounts and Explanation Debit Credit 310 Salaries Payable Salaries Expense 310 OC. Accounts and Explanation Debit Credit Assume that the weekly payroll of In the Woods Camping Supplies is $310. December 31, end of the year, falls on Tuesday, and In the Woods will pay its employee on Friday for the full week. What adjusting entry will in the Woods make on Tuesday, December 31? (Use five days as a full workweek.) | Cash 124 . Accounts and Explanation Debit Credit Salaries Payable 310 Salaries Expense 310 Oc. Accounts and Explanation Debit Credit Salaries Expense 124 Salaries Payable OD. No adjustment is needed because the company will pay the payroll on Friday, 124

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