Yellowstone Incorporated paid salaries of $5000. The debit entry is to Select one: O a. Retained...

Question

Question

Yellowstone Incorporated paid salaries of $5000. The debit entry is to Select one: O a. Retained earnings O b. Cash O c. Acco

Answer 1

Answer #1

Option e. is correct answer.

Journal entry for payment of salaries:

Accounts	Debit	Credit
Salaries expense	$5,000
Cash		$5,000
(To record the payment of salaries)

Answer 2

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