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Business Inc. pays payroll weekly of 8,000 on Fridays. The accountant is preparing the financial statements...

Business Inc. pays payroll weekly of 8,000 on Fridays. The accountant is preparing the financial statements for the month of June. Assume that June 30 falls on a Monday. Which of the following is the required period end adjustment entry, assuming that a work week is from Monday to Friday? A. Debit salary expense 1,600 and credit accrued salaries payable 1,600 B. Debit prepaid salary 1,600 and credit cash 1,600 C. Debit salary expense 6,400 and credit salaries payable 6,400 D. Debit salaries payable 6,400 and credit prepaid salary 6,400 E. None of the above

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