A company pays each of its two office employees each Friday at the rate of $240 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:_________.a. Debit Unpaid Salaries $1,440 and credit Salaries Payable $1,440.b. Debit Salaries Expense $960 and credit Salaries Payable $960.c. Debit Salaries Expense $1,440 and credit Salaries Payable $1,440.d. Debit Salaries Payable $960 and credit Salaries Expense $960.e. Debit Salaries Expense $960 and credit Cash $960.

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Tundexi Tundexi · Answer 1 · 2021-02-10T01:21:01+01:00

Answer:

b. Debit Salaries Expense $960 and credit Salaries Payable $960.

Explanation:

Salary expense per employee = $240 per day

Number of employees = 2

Salary expense for 2 days = Salary expense per employee * Number of employees * 2 = $240 * 2 * 2 = $960

Date Account title Debit Credit

Salaries expense $960

Salaries payable $960

(To record salaries expense for 2 days)