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Business, 25.02.2020 23:30 xxtonixwilsonxx

Sheldon Company had $500 for one day of accrued salaries on December 31 of the prior year. On January 4 of the current year, total salaries for the five-day week are paid. The journal entry to record the payment of salaries on January 4 includes:

a. Credit to Salaries Payoble for $500; Debit to Salaries Expense for $2,000
b. Debit to Salaries Payable for $500; Credit to Salaries Expense for $2,000
c. Debit to Salaries Payable for $500; Debit to Salaries Expense for $2,000
d. Credit to Salaries Payable for $500; Credit to Salaries Expense for $2,000

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Sheldon Company had $500 for one day of accrued salaries on December 31 of the prior year. On Januar...
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