R Inc. employed 10 employees during the month of December. Total wages earned by the employees for the month of December amounted to $32,000. R Inc. will pay these employees the next payday, which is January 1. Assuming adjusting entries are recorded at the end of each month, what adjusting journal entry is required on December 31 , if any? No journal entry is required. Dr. Salaries Payable 32,000; Cr. Salaries Expense 32,000 Dr. Salaries Expense 32,000; Cr. Salaries Payable 32,000 Dr. Salaries Expense 32,000; Cr. Cash 32,000 Which of the following options is NOT an objective of internal controls? Promoting operational efficiency Ensure employees can never commit fraud The accounting system is functioning properly Assets are safeguarded Butterbraids Inc. has a current ratio of 2.3 and Ribbontrails Inc. has a current ratio of 1.2. Given this information, which statement is true? Butterbraids Inc. has better liquidity than Ribbontrails Inc. Butterbraids Inc. is more efficient than Ribbontrails Inc. Ribbontrails Inc. has better liquidity than Butterbraids Inc. Butterbraids Inc. is more profitable than Ribbontrails Inc