Buster Industries pays weekly salaries of $41,450 on Friday for a five-day workweek ending on that...
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Buster Industries pays weekly salaries of $41,450 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 Salaries Payable, $16,580, credit Cash, $16,580 h debit Dividends, $16,580, credit Cash, $16,580 O debit Salary Expense, $16,580, credit Salaries Payable, $16,580 Od debit Salary Expense, $16,580, credit Dividends, $16,580 Buster Industries pays weekly salaries of $41,450 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 Salaries Payable, $16,580, credit Cash, $16,580 h debit Dividends, $16,580, credit Cash, $16,580 O debit Salary Expense, $16,580, credit Salaries Payable, $16,580 Od debit Salary Expense, $16,580, credit Dividends, $16,580
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