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  3. 1) colossal realty co. pays weekly salaries of $19

1) Colossal Realty Co. pays weekly salaries of $19,375 every Friday for a five-day work...

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Accounting

1) Colossal Realty Co. pays weekly salaries of $19,375 every Friday for a five-day work week ending that day.

If the end of the accounting period is Tuesday, December 31, the adjusting journal entry to accrue (record) salaries owed as of that date would include a credit to

Group of answer choices

A)Cash for $19,375

B)Salaries Payable for $7,750

C)Salaries Expense for $19,375

D)Salaries Expense for $7,750

2) The estimated amount of depreciation on equipment for the current calendar year is $3,200. The adjusting journal entry to record the depreciation for the year would include a debit to

Group of answer choices

A) Accumulated Depreciation-Equipment for $3,200

B) Depreciation Expense for $3,200

C) Cash for $3,200

D) Deferred Revenue for $3,200

3) At the end of the current calendar year, $12,400 of fees have been earned but have not been billed to clients/customers. The adjusting journal entry to record the accrued fees would include a credit to

Group of answer choices

A) Accounts Payable for $12,400

B) Cash for $12,400

C) Accounts Receivable for $12,400

D) Fees Earned for $12,400

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