36 During the year, Cheng Company pald salaries of $23,300. In addition, $8100 In salarles has accrued by the end of the year but has not been pald. The year-end adjusting entry would Include which one of the following? O Credit to salaries payable for $8,100 O Debit to salaries expense for $31,400 O Credit to salaries expense of $8100 O Debit to salaries payable for $23,300 40 Frosty Inc. has the following balances on December 31 prior to closing entries Revenues Retained Earnings, Jan. 1 Cash Expenses Accounts Payable Dividends Supplies $40,600 9,100 8,000 24,300 3,500 1,700 19,200 Based upon the balances above, what net adjustment would be made to Retained Earnings due to closing entries? O Increase of $14,600 Increase of $15,600 Increase of $17600 Increase of $16,600