Assume that the weekly payroll of Make minus Upper U minus Glow Tanning Salon is $ 390. December 31, end of the year, falls on Tuesday, and Make minus Upper U minus Glow will pay its employee on Friday for the full week. What adjusting entry will Make minus Upper U minus Glow make on Tuesday, December 31? (Use five days as a full workweek.) Date Accounts and Explanation Debit Credit A. Salaries Expense 156 Salaries Payable 156 B. Salaries Payable 390 Salaries Expense 390 C. Salaries Expense 156 Cash 156 D. No adjustment is needed because the company will pay the payroll on Friday.
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Assume that the weekly payroll of Make minus Upper U minus Glow Tanning Salon is $ 390. December 31,...
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