Question 36 (1 point) The salaries payable account had a beginning balance of $100. During the current accounting period, there was a credit to the account of $800 and a debit to the account of 5750. The ending balance was $150. How much was paid in salaries during this accounting period? $150 $100 $750 $800 Question 37 (1 point) Which of the following statements is true regarding depreciation? Depreciation is a valuation concept that is, we allocate costs to reflect the actual change in the value of the asset. Depreciation expense will typically will be shown on the statement of financial position O Depreciation allocates the cast of a capital asset to the accounting periods over which it is used. Accumulated depreciation has a normal debit balance. Question 38 (1 point) The retained earnings had a beginning balance of $250. As part of the closing entries during the current accounting period, there was a credit to the account of $1.000 and a debit to the account of $150. The ending balance was $1,100. How much were the dividends declared for this accounting period? $250 $1,100 $1,000 $150 Question 39 (1 point) On December 1st, a company signed a 6% three-month $20.000 note payable. All payments will be made in the following year. How much is interest expense for the month of December? $100 $1.200 $0 $300