FOX purchased equipment for $25,000. If depreciation for the year Is estimated to be $6, 250 then FOX's adjusting entry would Include a A) Credit to accumulated depreciation for $6, 250 B) Debit to accumulated depreciation for $6, 250 C) Credit to depredation expense for $6, 250 D) Credit to equipment for $6, 250 FOX's weekly (5 - day) payroll of $750 is paid on Fridays. If December 31 falls on a Tuesday, what adjusting entry should FOX make? A) Debit salaries expense $450 and credit salaries payable $450 B) Debit salaries expense $300 and credit salaries payable $300 C) Debit unpaid salaries $300 and credit salaries payable $300 D) Debit salaries payable $300 and credit salaries expense $300 In 2016, FOX received an advanced payment of $60,000 for services to be performed. What adjusting entry would FOX make If 25% of the advance fee was earned in 2016? A) Debit cash $15,000 and credit unearned revenue $15,000. B) Debit service revenue $15,000 and credit unearned revenue $15,000 C) Debit service revenue $45,000 and credit unearned revenue $45,000 D) Debit unearned revenue $15,000 and credit service revenue $15,000 E) Debit unearned revenue $45,000 and credit service revenue $45,000 FOX borrowed $80,000 in 2016. If interest and principal are both due when the note matures in 2017, what adjusting entry should FOX make on December 31, 2016? No entry is required. Debit interest payable and credit note payable. Debit Interest expense and credit interest payable. Debit unpaid interest and credit note payable