A company pays its two employees every Friday $500 each for a five-day workweek that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry is:

A) Debit Unpaid Salaries $600 and credit Salaries Payable $600.
B) Debit Salaries Expense $400 and credit Cash $400.
C) Debit Salaries Expense $600 and credit Salaries Payable $600.
D) Debit Salaries Expense $200 and credit Salaries Payable $200.
E) Debit Salaries Expense $400 and credit Salaries Payable $400.

Ans: E) Debit Salaries Expense $400 and credit Salaries Payable $400.