1- Greenspan Automotive pays its employees $1,500 per day and paydays are every Friday. Greenspan Automotives employees work Monday through Friday. Assume the last day of the fiscal period falls on Wednesday, the adjustment for accrued wages would be recorded in the work sheet as a:

a-credit to Wages Payable, $1,500.

b-debit to Wages Expense, $4,500.

c-debit to Wages Expense, $3,000.

d-credit to Cash, $3,000.

2- The adjusting entry to record depreciation of a building is

a-debit Accumulated Depreciation-Building, credit Depreciation Expense-Building.

b-debit Depreciation Expense-Building, credit Accumulated Depreciation-Building.

c-debit Building, credit Accumulated Depreciation-Building.

d-debit Depreciation Expense-Building, credit Depreciation Payable.