A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is
a.debit Salaries Payable, $16,000; credit Cash, $16,000.
b.debit Salaries Expense, $16,000; credit Cash, $16,000.
c.debit Salaries Expense, $16,000; credit Salaries Payable, $16,000.
d.debit Salaries Expense, $4,000; credit Salaries Payable, $4,000.
