Answer:
Dr salaries expense $23,000
Cr salaries payable $23,000
Explanation:
By Friday ,employees would have worked for 5 days out of the six-day week whose cost is $27,600,hence the salaries for the 5 days should be provided as computed below:
salaries accrued =$27,600*5/6=$23,000
The salaries accrued of $23,000 at the close of the period on that particular Friday should be debited to salaries expense and credited to salaries payable prior its payment on Monday.
When payment is made cash would be credited while salaries payable is debited.
