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Buster Industries pays weekly salaries of $48,550 on Friday for a five-day workweek ending on that day. The adjusting entry necessary at the end
Buster Industries pays weekly salaries of $48,550 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 Dividends, $19,420; credit Cash, $19,420 Ob. debit Salary Expense, $19,420; credit Dividends, $19,420 Oc. debit Salaries Payable, $19,420; credit Cash, $19,420 Od. debit Salary Expense, $19,420; credit Salaries Payable, $19,420
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