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17 February, 12:16

Buster industries pays weekly salaries of $17,800 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

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  1. 17 February, 12:26
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    salaries payable: (17,800/5) * 2 = 7,120 (credit) salaries expenses: 7,120 (debit)
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