Asked by Giovanni Magana on May 08, 2024
Verified
The entry to record the payment of office salaries would be:
A) Debit Cash; Credit Salaries Payable
B) Debit Cash; Credit Salaries Expense
C) Debit Salaries Expense; Credit Accounts Payable
D) Debit Salaries Expense; Credit Cash
Salaries Expense
The total amount of salary payments made to employees, recognized as an expense in the accounting period in which the employees' services are rendered.
Office Salaries
Office Salaries refer to the compensation provided to employees who perform administrative duties within an office.
Accounts Payable
Money owed by a company to its suppliers or creditors for goods and services received but not yet paid for.
- Gain insight into and generate elementary journal entries for a variety of business processes.
Verified Answer
Learning Objectives
- Gain insight into and generate elementary journal entries for a variety of business processes.
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