13) Smith Corporation purchased 565,000 of merchandise on credit. The company uses the perpetual method of recording inventory purchases. What would be the correct journal entry to record the purchase? A) Merchandise Inventory 65.000 Accounts Payable 65,000 B) Purchases 65,000 Accounts Payable 65,000 C) Merchandise Inventory 65,000 Cash 65,000 D) Purchases 65,000 Interest Payable 65,000 14) Which of the following errors will not be revealed by the unadjusted trial balance? A) incorrectly posting a debit for Salaries Expense to Supplies Expense B) failing to post one side of a journal entry C) posting a $50,000 debit to Accounts Receivable as $5,000 while recording the credit to revenue as $50,000 D) posting a credit to cash for $5,400 as $4,500 while posting the debit to expense as $5,400 15) The employees of Lucid Laboratories are paid every two weeks on Friday. Total payroll is $25,000 and covers 10 workdays. The end of the current month falls on Tuesday of the pay period. What is the adjusting journal entry to accrue payroll at the end of the month? A) Salaries Expense 7,500 Salaries Payable 7,500 B) Prepaid Salaries 7,500 7,500 Salaries Payable C) Salaries Expense 17,500 Prepaid Salaries 7,500 25,000 Salaries Payable D) 17,500 Salaries Expense 17 17,500 Salaries Payable