You work for Acme Corporation and you have taken a short-term loan of $1,500 from the company. You have asked the company to adjust this amount with your next month's salary. The company will record this transaction as a Salaries and Wages Payable in their accounting software. a True False Allowance for Doubtful Account and Accumulated Depreciation Account are both considered as contra-asset accounts as these accounts reduce the value of the assets section of the balance sheet. * O True False