The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $32,000. The current pay period ends on Friday, July 3. Neat Clothes is now preparing quarterly financial statements for the three months ended June 30. What is the adjusting entry to record accrued salaries at the end of June? Salaries expense Prepaid salaries 22,400 9,600 Salaries payable 32,000 Salaries expense 6,400 Salaries payable 6,400 Salaries expense 22,400 Salaries payable 22,400 Prepaid salaries 9,600 Salaries payable 9,600 QUESTION 23 On September 15, 2021, Oliver's Mortuary received a $6,000, nine-month note bearing interest at an annual rate of 10% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2021? Interest receivable Interest revenue Interest receivable Interest revenue Cash 175 175 600 175 425 Interest receivable Interest revenue Interest receivable 230 230 175 Notes receivable 175