On January 1, 2019, a firm purchased machinery for $18,500. Depreciation expense for the year ending December 31, 2019, given the straight-line method, a 4-year useful life, and a salvage value of $3,300, is Multiple Choice $2,475. $3,300. $3,800. $4,625. Hugh Morris Company pays weekly wages of $19,500 every Friday for a five day week ending on that day. If the last day of the year is on Tuesday, the adjusting entry to record the accrued wages is: Multiple Choice debit Wages Expense $7,800; credit Cash $7,800 debit Wages Expense $7,800; credit Drawing $7,800 debit Wages Expense $11,700; credit Wages Payable $11,700 debit Wages Expense $7,800; credit Wages Payable $7,800