Question: QUESTION 14 Every adjusting entry affects one Balance Sheet account (Assets or Liabilities and one Income Statement account (Revenues or Expensen) but never cash True

QUESTION 14 Every adjusting entry affects one Balance Sheet account (Assets or Liabilities and one Income Statement account (Revenues or Expensen) but never cash True False QUESTION 15 Khalid Company's employees are paid a total of 53200 per day for a 5-day workweek. The workweek starts on Sunday and ends on Thursday Thu employees are paid each Thursday The accounting period ends on Wednesday What is the correct adjusting entry at year end for this transaction? O A. Debit: Salaries Payable $16,000 Credit Cash $16,000 O B. Debit Salaries Expense $16,000 Credit: Salaries Payable 516,000 C. Debit: Salaries Expense $12,800, Credit: Salaries Payable $12,800 O D. Debit: Salaries Payable $12,800 Credit Cash $12.800

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