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?