28. The following is the trial balance of Frank Thomas Corporation on December 31, 2014. Credit Debit $ 7,800 40,000 10,000 $ 1,800 2475 44,000 6,000 110,000 Account Cash Accounts Receivable Notes Receivable Allowance for Doubtful Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation--Equip. Accounts Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Rent Expense 15,000 10,800 44,000 55,000 292,000 126,000 62,000 12,800 $418,600 Totals $418.600 At year end, the following items have not yet been recorded. a. Insurance expired during the year, $3,525. b. Estimated bad debts expense, 1% of gross sales. c. Depreciation expense on equipment, 12% per year on original cost. d. Interest revenue at 5% of the balance of the note is receivable on the note for one full year. e. Total cost of all salaries and wages for the year, including Salaries and Wages not paid at December 31, $70,200. Which of the following is the appropriate journal entry to record the required adjustment to Salaries and Wages Expense at year-end? A. Salaries and Wages Expense 8,20 Cash 8,200 B. Salaries and Wages Expense 8,200 Salaries and Wages Payable 8,200 C. Salaries and Wages Payable 8,200 Cash 8,200 D. Salaries and Wages Payable 8,200 Salaries and Wages Expense 8,200