Question
Buster Industries pays weekly salaries of $39,300 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 $39,300 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on Tuesday is
a.debit Salary Expense, $15,720; credit Dividends, $15,720
b.debit Salary Expense, $15,720; credit Salaries Payable, $15,720
c.debit Salaries Payable, $15,720; credit Cash, $15,720
d.debit Dividends, $15,720; credit Cash, $15,720
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
1118285909, 1118285905, 978-1118285909
