Answer:
The correct answer is D
Explanation:
The journal entry which is to be recorded for the payment of payroll is as:
On January 10
Salary expense A/c.....................................Dr $4,000
Salary Payable A/c...................................Cr $4,000
Being payment of payroll is recorded
As the payment is not made so, the entry to be made is debiting the salary expense against the salary payable account.
Working Note:
Amount = biweekly salary / Number of days
where
biweekly salary is $20,000
Number of days is 5 days
So,
Amount = $20,000 / 5
= $4,000
