A company purchased new fumiture at a cost of $14,000 on January 1 . The furniture is estimated to hwve a usoful hise of 8 years and a satvage yalue of A2.000. The company uses the straight-tine methed of depreciation. How much depreciation expense will be recorded for tho furniture toe the first year ended December 3t? Mutipie Choice 5375 5437 51,500 $500 The correct adjusting entry for accrued and unpaid employee salaries of $7,800 on December 31 is: Multiple Choice Debit Salary Expense, $7,800; credit Prepaid Salary, $7,800 Debit Salary Expense, $7,800; credit Cash, $7,800 Debit Salary Expense, $7,800; credit Salaries Payable, $7,800 Debit Salary Expense, $7,800; credit Revenue, $7,800 Debit Salaries Payable, $7,800; credit Salary Expense, $7,800