Buster Industries pays weekly salaries of 30,000 on Friday for a ...

[Jipu 123]

Buster Industries pays weekly salaries of 30,000 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
 a. debit Salaries Payable, 12,000; credit Cash, 12,000
  b. debit Salary Expense, 12,000; credit Drawing, 12,000
  c. debit Salary Expense, 12,000; credit Salaries Payable, 12,000
  d. debit Drawing, 12,000; credit Cash, 12,000

Question 2

Internet commerce is computer-to-computer exchange of business event data in structured or semi-structured formats via Internet communication that allows the initiation and consummation of business events.
  Indicate whether the statement is true or false

[Carliemb17]

Answer to Question 1

c

Answer to Question 2

T

[Jipu 123]

Thanks for the timely response, appreciate it

[skipfourms123]

Great answer, keep it coming