68.The F. Mercury, Capital account has a credit balance of $34,000 before closing entries are made. Iftotal revenues for the period are $105,200, total expenses are $77,800, and withdrawals are $18,00

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)