Question
Buster Industries pays weekly salaries of $42,150 on Friday for a five-day workweek ending on that day. The adjusting entry necessary at the end of
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Buster Industries pays weekly salaries of $42,150 on Friday for a five-day workweek ending on that day. The adjusting entry necessary at the end of the fiscal period ending on Tuesday is
a.debit Salary Expense, $16,860; credit Dividends, $16,860
b.debit Salaries Payable, $16,860; credit Cash, $16,860
c.debit Salary Expense, $16,860; credit Salaries Payable, $16,860
d.debit Dividends, $16,860; credit Cash, $16,860
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Accounting And Finance An Introduction
Authors: Eddie McLaney, Peter Atrill
10th Edition
1292312262, 978-1292312262
