11 The following accounts were taken from Splendid Corporation's adjusted trial balance for the year ended 12/31/2008. Please assume that all accounts have normal balances. Please use this information to answer questions 11 & 12 Unearned Rent Income 25,000 Accounts Payable 173,500 Salaries Payable 1,500 Accounts Receivable 175,000 Salaries Expense 140,000 Cash 50,000 Finished Goods Building 125,000 Cost of Goods Sold 200,000 200,000 Depreciation Expense-Building 10,000 Accumulated Depreciation-Bldg 175,000 Sales Revenue 425,000 control # 11 Continued: Please assume that the employees of Splendid work Monday through Friday and are paid every other Friday. On payday, Splendid paid $5,000 of wages for the two-week pay period ending on that day. Given Splendid's year-end accrual, on what day of the week did December 31st fall? A. Monday B. Tuesday C. Wednesday D. Thursday F. Friday Monday Tuesday Wednesday Thursday Friday Week 1 1 2 3 4 Week 2 6 7 8 9 10 Payday