If a company recognizes $5,000 of accrued salary expense on December 31, Year 1,
on January 1, Year 2 there will be a zero balance in the Accrued Salaries Expense account.
on January 1, Year 2 there will be a $5,000 balance in the Accrued Salaries Payable account. t
he December 31, Year 1 expense recognition will not affect the cash account.
All of the answer are correct.
