Homework Answers
Salaries accrued and unpaid on December 31 = $9,900
It has the following effects:
(i) Salaries expense increase by $9,900.
(ii) Liabilities increase in the form of salaries payable.
Increase in expenses is debited, hence salaries expense will be debited.
Increase in liabilities is credited, hence salaries payable will be credited.
First option is correct option.
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