Question 16 (1 point) Student Academic Honesty Declaration I will complete this test independently without the aid of any unauthorized materials/devices and will not share my quiz with others. True False Question 17 (1 point) Financing activities include borrowing money and selling the company's own shares. True False Question 18 (1 point) Maggie Bakeries has a weekly payroll of $8.250 for a five-day work week and pays its employees every Friday. None of the staff work on weekends. This year, the last day of the company's fiscal year end is a Tuesday. What is the correct adjusting entry to accrue salaries expense? Salaries Expanse 8350 Salaries Expense Salaries Payable Salaries Expense 3.300 Salaries Payable Salaries Expense 1.650 Salaries Payable 1300 Question 19 (1 point) On July 1, Kingston Store paid $15.000 to Location Realty for six months' rent, starting July 1. Prepaid rent was debited for the full amount. If finand statements are prepared on July 31, the adjusting entry to be made by Kingston Store is debit prepaid rent, $7.500; credit rent expense, $7,500. debit rent expense, $15.000; credit prepaid rent. $15,000. debit rent expense, $2,500; credit prepaid rent, $2,500. debit prepaid rent. $2,500; credit rent expense, $2,500. Question 20 (1 point) The accounts receivable account had a beginning balance of $250. During the current accounting period, there was a debit to the account of $1,200 and a credit to the account of $1,000. The ending balance was $450. How much were credit sales for this accounting period? $250 $1.200 $450 $1,000