Choose right answer only:

Salaries for December 2022 are $3,500 and will be paid in full on January 02, 2023. As of December 31, 2022, one must: Question options:

Debit "salaries" for $3,500 and credit "payable salaries" for $3,500

Debit "salaries" for $3,500, credit "prepaid salaries" for $3,500

Debit "salaries" for $3,500 and credit "cash" for $3,500

Debit "salaries" for $3,500 and credit "share capital" for $3,500

2)

Of the following statements, how many are false:

The debit from the expense account represents an increase in this account The debit of the "expenses payable" account represents an increase in this account The debit of the "deferred income" account represents an increase in this account The debit of the cost of sale account represents an increase in this account Question options:

3

4

1

2