Had the following transactions during 2015: Sales of $4, 800 on account Collected $2,000 for services to be performed in 2016 Paid $1, 625 cash in salaries Purchased airline tickets for $250 in December for a trip to take place in 2016. What is Let's 2015 net income using accrual accounting? $2925 $3175 $4925 $5175 A business pays weekly salaries of $30,000 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 payable, $24,000; credit Cash, $24,000. debit Salaries and Wages Expense, $24,000; credit Cash, $24,000. debit Salaries and Wages Expense, $24,000; credit Salaries and Wages Payable, $24,000. debit Salaries and Wages Expense, $6,000; credit Salaries and Wages Payable, 56,000