Kim's Auto Services paid $300 cash to employees for work performed in the current period. Which of the following general journal entries will Kim's Auto Services make to record this transaction?
A.
| Salaries Payable | 300 | |
| Salaries Expense | 300 |
B.
| Salaries Expense | 300 | |
| Cash | 300 |
C.
| Salaries Expense | 300 | |
| Dividends | 300 |
D.
| Cash | 300 | |
| Salaries Expense | 300 |
E.
| Salaries Expense | 300 | |
| Accounts Payable | 300 |
Answer: B
Business
You might also like to view...
______________ attempt to produce a fair and free-trading environment in which there exists a level playing field.
a. Trade-remedy laws b. Industrial policies c. Strategic trade policies d. Economic sanctions
Business
Treasury bond yields are commonly used as the basis for yield curves because they are low risk and homogeneous in nature
Indicate whether the statement is true or false.
Business
Describe the importance of position definitions as human safeguards for employees
What will be an ideal response?
Business
List the disadvantages of self-managing teams.
What will be an ideal response?
Business