Can someone please help me figure out how to find the answer for this question?
Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $11200 of unpaid and unrecorded salaries. The next payday is January 3, at which time $28000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.
A. Debit Salaries expense $11,200; debit Salaries payable $16,800; credit Cash $28,000
B. Debit Salaries expense $28,000; credit Cash $28,000
C. Debit Slaries payable $28,000; credit Cash $28,000
D. Debit Salaries expense $16,800; Debit Salaries payable $11,200; credit Cash $28,000
E. Debit Salaries expense $16800; credit Cash $16,800
- MercyLv 71 month ago
Have a look here: