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If the balance of salaries account on Dec. 31 is $90,000 and on Dec. 31...

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Accounting

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If the balance of salaries account on Dec. 31 is $90,000 and on Dec. 31 there is salaries payable $10,000, then the salaries expense in income statement will be: Select one: a. 10,000 b. none of the above c. 100,000 d. 90,000 The cost of equipment $500.000 and the balance of accumulated depreciation was 100.000. If the rate of depreciation is 10% annually, then the balance of accumulated depreciation will be: Select one: a. 150,000 b. none of the above C. 50,000 d. 100,000 If the balance of salaries account on Dec. 31 is $90,000 and on Dec. 31 there is salaries payable $10,000, then the salaries payable will be in the balance sheet: Select one: a. liabilities b. none of the above Casset d. equity The cost of equipment $400.000 and rate of depreciation is 20% annually, then the journal entry to record depreciation expense: Select one: a. depreciation expense debit 80,000 and equipment credit 80,000 b. depreciation expense debit 80,000 and accumulated depreciation credit 80,000 c. accumulated depreciation debit 80,000 and depreciation expense credit 80,000 d. none of the above

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