A business 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: Debit Salary Expense, $8,000; Credit Salary Payable, $8,000 Debit Salary Expense, $20,000; Credit Salary Payable, $20,000 Debit Salary Expense, $ 16,000; Credit Salary Payable, $16,000 O d. Debit Salary Payable, $4,000; Credit Salary Expense, $4,000 Clear my choice A service business had the following account balances on December 31, 2019 after all the year-end adjusting entries were posted. All accounts have normal balances. General Ledger Accounts Accounts Payable Accumulated depreciation, Equipment Cash Depreciation expense Land Owner's Drawings Notes payable Insurance expense Equipment Accounts receivable Revenue Supplies Owner's Capital Prepaid Insurance Salaries expense Unearned Revenue Balances 325 4,400 1,170 950 45,000 4,800 30,000 400 20,600 5,000 21,720 1,930 31,125 600 8,120 1,000 Additional Information: $9,000 of the note payable outstanding as of December 31, 2019 will be repaid by the end of 2020. Part A: What is total current assets in dollars ($)?: at 80% attempt=1828010&cmid=2365832&page=10 to Help Search Part A: What is total current assets in dollars ($)?: O$8,700 O$7,530 O$8,100 O$9,700 Part B: What is total property, plant and equipment in dollars ($): O$61,200 O$16,200 O$56,600 $70,000 Part C: What is total current liabilities in dollars ($)?: O$10,000 $31,325 $9,325 $10,325 Part D: What was Total liabilities in dollars ($17. O$31,325 O$9,325 O$10,325 Part D: What was Total Liabilities in dollars ($)?: O$10,325 O$9,325 O$10,000 $31,325