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Anjou Inc. owes its only employee $600 at the end of its first month in business. Anjou will pay its employee in the next month. Which of the following is true?A) Because no payment was made in month 1, Anjou does not need to record any entries until month 2, when the payment is made.B) Even though the payment has not yet been made, Anjou must reduce its cash account and record a liability for the amount due.C) Anjou records the transaction in the first month as if the payment was made. The entry is to reduce cash and record salary expense on the Income Statement.D) Anjou records the salary expense on the Income Statement and salaries payable on the Balance Sheet
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