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Author Question: Buster Industries pays weekly salaries of 30,000 on Friday for a five-day week ending on that day. ... (Read 98 times)

Jipu 123

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on: Jul 5, 2018
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


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Carliemb17

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

T


Jipu 123

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

xoxo123

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Reply 3 on: Yesterday
Wow, this really help

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