Sanborn Company has 10 employees, who earn a total of 1,900 in salaries each working day.They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is: Multiple Choice Debit Salaries Expense, 5,700 credit Cash, 5,700 Debit Salaries Expense 3,800; credit Salaries Payable, 3,800. Debit Salaries Payable, 5,700 credit Salaries Expense. 5,700. Debit Salaries Expense. 5,700; credit Salaries Payable. 5,700. Debit Salaries Expense 9,500 credit Salaries Payable. 9,500.

To determine the correct adjusting entry, we need to calculate the salaries expense incurred from Monday to Wednesday (December 29 to December 31) since these are the days that have been worked but not yet paid by the end of the year.1. **Daily Salary Expense**: The total weekly salary is 9,500 1,900 5,700 5,700 5,700; credit Salaries Payable, \$5,700.**