The employees of Kay Company work during the last week of the December and earn $5,000 of wages. Kay Companys regular payroll cycle will pay the paychecks for the December work in January. Assume that December 31 is Kay Companys fiscal year end. What adjusting journal entry should Kay record at December 31 related to the employees labor?

Question 5 options:

	Debit Salaries Expense for $5,000, Credit Cash for $5,000.
	Debit Salaries Payable for $5,000, Credit Salaries Expense for $5,000.
	Debit Salaries Expense for $5,000, Credit Salaries Payable for $5,000.
	Debit Cash for $5,000, Credit Salaries Payable for $5,000.

Question 6 (1 point)

Kay Company purchases a new building at the beginning of the 2019. The amount of depreciation that Kay records for the building at the end of 2019 is $6,700. What is the adjusting journal entry Kay Company should record related to the buildings depreciation?

Question 6 options:

	Debit Cash for $6,700, Credit Accumulated Depreciation for $6,700.
	Debit Depreciation Expense for $6,700, Credit Cash for $6,700.
	Debit Accumulated Depreciation for $6,700, Credit Depreciation Expense for $6,700.
	Debit Depreciation Expense for $6,700, Credit Accumulated Depreciation for $6,700.