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Buster Industries pays weekly salaries of $30,000 on Friday for a five-day week ending on...

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Accounting

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 isGroup of answer choicesdebit Dividends, $12,000; credit Cash, $12,000debit Salary Expense, $12,000; credit Dividends, $12,000debit Salary Expense, $12,000; credit Salaries Payable, $12,000debit Salaries Payable, $12,000; credit Cash, $12,000

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