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A business lent $40,000 to a customer on May 31. The customer signed a $40,000,9%,13-month promissory note to repay the amount borrowed with accrued interest

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A business lent $40,000 to a customer on May 31. The customer signed a $40,000,9%,13-month promissory note to repay the amount borrowed with accrued interest on maturity. The fiscal year for the business is November 30 . A business has a weekly payroll of $8,250 and pays its employees every Friday. The end of each pay period is Friday. None of the staff work on weekends. This year, the last day of the company's fiscal year end is a Tuesday. What is the correct adjusting entry to record salaries expense? Select one: a. debit Salaries Expense, 1,650; credit Salaries Payable, 1,650 b. debit Salaries Expense, 3,300; credit Cash, 3,300 c. debit Salaries Expense, 8,250; credit Salaries Payable, 8,250 d. debit Salaries Expense, 3,300; credit Salaries Payable, 3,300

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