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Buster Industries pays weekly salaries of $42,300 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of

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Buster Industries pays weekly salaries of $42,300 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 Oa debit Salary Expense. $16.9201 credit salaries Payable. 516920 Ob. debit Salaries Payable. 516.920 credit Cash, 316,920 Oc. debit Dividende $16.920 cedit Cash $16,920 Od debit Salary Expense $16.920: Credit Dividends. 516,920

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