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7.) Your firm, which is on the accrual basis, has a $100,000 Monday-Friday weekly payroll, and, Friday is payday. If the year ends on a Tuesday, what adjusting journal entry will you record? * Salaries Expense Salaries Payable 100,000 100,000 Salaries Expense Salaries Payable 40,000 40,000 A. B. Salaries Expense Salaries Payable 80,000 80,000 Salaries Expense Salaries Payable 20,000 20,000 C. O D