The ABC Company has a $15.000 payroll for a 5-day workweek starting on Monday and ending on
Friday. If the fiscal year ends on a Tuesday, what would be the appropriate adjustment?
Debit Salary Expense $15,000 and Credit Salaries Payable $15,000
Debit Salary Expense $6,000 and Credit Salaries Payable $6,000
Debit Salary Expense $9,000 and Credit Salaries Payable $9,000
Debit Salaries Payable $10,000 and Credit Salary Expense $10,000
None of the above