2. A business pays weekly salaries of $120,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is * (2 Points) debit Salaries and Wages Expense, 596,000; credit Cash, 596,000. debit Salaries and Wages Expense, $120,000: credit Salaries and Wages Payable$120.000. debit Salaries and Wages Payable, $120,000; credit Cash, $120,000. debit Salaries and Wages Expense, 596,000: credit Salaries and Wages Payable, 596,000