17. Panjim began 2015 with salaries payable balance of $75,000. It had 2015 salary expense of $80,000. Its 2015 ending salaries payable balance must be $95,000 $55,000 $155,000 $105,000 PANJIM TRADING COMPANY T-ACCOUNT 2015 Cash Bal 1/1 Collections from customers 225,000 Common stock asund Five-year bank loan Sale of used van 60,000 44,000 Payments to suppliers 20.000 13,000 75,000 100,000 Salaries paid Purchase of machinery 10,000 4,000 Dividends paid Bal 12/31 223,000 5,000 Interest payment 1,000 Garage rental prepayment