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  1. business
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  3. b) debit salaries expense $300 and credit salaries

B) Debit salaries expense $300 and credit salaries payable $300 C) Debit unpaid salaries $300...

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Accounting

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B) Debit salaries expense $300 and credit salaries payable $300 C) Debit unpaid salaries $300 and credit salaries payable $300 D) Debit salaries payable $300 and credit salaries expense $300 In 2016, Plymouth received an advanced payment of $60,000 for services to be performed. What adjusting entry would Plymouth make if 25% of the advance fee was earned in 2016? 5. A) B) C) D) E) Debit cash $15,000 and credit unearned revenue $15,000. Debit service revenue $15,000 and credit unearned revenue $15,000 Debit service revenue $45,000 and credit unearned revenue $45,000 Debit unearned revenue $15,000 and credit service revenue $15,000 Debit unearned revenue $45,000 and credit service revenue $45,000 Plymouth borrowed $80,000 in 2016. If interest and principal are both due when the note matures in 2017, what adjusting entry should Plymouth make on December 31, 2016? 6. A) No entry is required. B) Debit interest payable and credit note payable. C) Debit interest expense and credit interest payable. D) Debit unpaid interest and credit note payable. Plymouth Consulting So

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