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Buster Industries pays weekly salaries of $18,300 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of
Buster Industries pays weekly salaries of $18,300 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the riscal period ending on Tuesday is Odebit Salary Expense, 57.320, credit salaries Payable, 57320 Odebit Drawing 57.320 credit Cash, 57,320 Odebit Salaries Payable. 57.320 credit Cash, 37,320 Odebit Salary Experse, $7,320, credit Drawing $7,320 Deferred expenses is a cost not yet recorded as an expense but has been paid. Ob. a cost recorded as an expense and not yet paid. Oc. a cost not yet recorded as an expense and not yet paid. Od. a cost recorded as an expense and paid. a Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $11,379 and unexpired Insurance of $2,096, for the fiscal year ending on April 307 Odebit Insurance Expense, $2,096 credia Prepaid Insurance, $2,096 O debit insurance Expense, $9,283, credit Prepold Insurance, 59,283 debit Prepaid Insurance, 59,283; credit Insurance Expense, $9,283 O debit Insurance Expense, $11.379; credit Prepaid Insurance, $11,379
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