the correct adjusting entry for accrued and unpaid employee salaries of $8,200 on december 31 is: \ndebit…

the correct adjusting entry for accrued and unpaid employee salaries of $8,200 on december 31 is: \ndebit salary expense, $8,200; credit salaries payable, $8,200.\ndebit salary expense, $8,200; credit cash, $8,200.\ndebit salary expense, $8,200; credit prepaid salary, $8,200.\ndebit salaries payable, $8,200; credit salary expense, $8,200.\ndebit salary expense, $8,200; credit revenue, $8,200.

the correct adjusting entry for accrued and unpaid employee salaries of $8,200 on december 31 is: \ndebit salary expense, $8,200; credit salaries payable, $8,200.\ndebit salary expense, $8,200; credit cash, $8,200.\ndebit salary expense, $8,200; credit prepaid salary, $8,200.\ndebit salaries payable, $8,200; credit salary expense, $8,200.\ndebit salary expense, $8,200; credit revenue, $8,200.

Answer

Brief Explanations:

When there are accrued and unpaid employee salaries, we need to recognize the expense in the period it was incurred. Debiting Salary Expense increases the expense, and crediting Salaries Payable creates a liability for the amount owed to employees. Cash is not involved as the salaries are unpaid, prepaid salary is for advanced - paid salaries not yet expensed, and crediting revenue is incorrect as this is an expense - liability situation.

Answer:

Debit Salary Expense, $8,200; credit Salaries Payable, $8,200.