M/s Alpha Traders: salary paid Tk.1,20,000 of which Tk.20,000 advance. Adjusting entry:

• aSalaries debit Tk.20,000, Prepaid Salaries credit Tk.20,000
• bPrepaid Salaries debit Tk.20,000, Salaries credit Tk.20,000
• cCash debit, Salaries credit
• dSalaries debit, Cash credit