a-company-has-an-employee-salary-payable-of-2000-at-the-end-of-the-period-how-sh

Question

A company has an employee salary payable of $2,000 at the end of the period. How should this be adjusted in the trial balance?

Accepted Answer

Debit Salary Expense $2,000; Credit Salary Payable $2,000.

Answer

Debit Cash $2,000; Credit Salary Payable $2,000.

Answer

Debit Salary Expense $2,000; Credit Cash $2,000.

Answer

Debit Salary Payable $2,000; Credit Salary Expense $2,000.

A company has an employee salary payable of \$2,000 at the end of the period. How should this be adjusted in the trial balance?