3 ut of ABC Company has a weekly payroll of $20,000, paid each Friday (employees work Monday - Friday). December 31 falls on Tuesday. What is the correct adjusting journal entry? Select one: a. Debit Salary Expense, $16,000; Credit Salary Payable, $16,000 b. Debit Salary Payable, $4,000; Credit Salary Expense, $4,000. c. Debit Salary Expense, $20,000; Credit Salary Payable, $20,000 O d. None of the above e. Debit Salary Expense, $8,000; Credit Salary Payable, $8,000 4 ut of On March 1, a retailer borrowed $30,000 from its bank, and signed a 6%, 10-month promissory note. Principal and accrued interest are due on January 1. If the retailer's year end is July 31, the year end adjusting entry to record interest would be: Select one: a. debit Interest Receivable, $900; credit Interest Revenue, $900. b. debit Interest Expense, $1,800; credit Interest Payable, $1,800. c. debit Interest Expense, $600; credit Interest Payable, $600. d. debit Interest Expense, $750; credit Interest Payable, $750. e. debit Interest Receivable, $1,500; credit Interest Revenue, $1,500