Question

Recording salaries owed to employees that will not be paid by the company until the following accounting period is an example of a(n):

a.Prepaid expense.
b.Unearned revenue.
c.Accrued expense.
d.Accrued revenue.

Answer 1

Recording salaries owed to employees that will not be paid by the company until the following accounting period is an example of an accrued expense.

Step-by-step explanation:

Recording salaries owed to employees that will not be paid by the company until the following accounting period is an example of an accrued expense. Accrued expenses are expenses that have been incurred but not yet paid.