A business pays weekly salaries of $29400 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is debit Salaries and Wages Expense, $23520; credit Salaries and Wages Payable, $23520. debit Salaries andWages Expense, $5880; credit Salaries and Wages Payable, $5880. debit Salaries and Wages Expense, $23520; credit Cash, $23520. debit Salaries and Wages Payable, $23520; credit Cash, $23520