A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on Tuesday is
A) debit Salaries Payable, $8,000; credit Cash, $8,000
B) debit Salary Expense, $8,000; credit Drawing, $8,000
C) debit Salary Expense, $8,000; credit Salaries Payable, $8,000
D) debit Drawing, $8,000; credit Cash, $8,000
C
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Mary agrees to sew Georgia's prom dress for $50 plus costs. Georgia decides that she wants ruffles around the neck and calls Mary who says it will now cost $60. When Mary finishes the dress (with ruffles), Georgia must pay:
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