If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...

Question

Question

If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...

If cash is paid for worker salaries, the transaction includes

a.debiting Salaries Expense and crediting Accounts Payable.

b.debiting Salaries Expense and crediting Cash.

c.debiting Cash and crediting Salaries Expense.

d.debiting Salaries Expense and crediting Capital.

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer: The correct answer is b i.e.

Debiting Salaries Expense and Crediting Cash

In this transaction the salaries are paid to workers in cash due to which cash account decreased with the amount which means the cash account is credited by the salary amount. The transaction also affects the salary expense account and shows the debit balance of transaction in salary expense

Add a comment

Answer 2

Similar Homework Help Questions

6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A)...

6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A) Balance sheet: expense on the balance sheet B) Balance sheet: liability on the income statement C) Income statement: liability on the balance sheet D) Income statement: expense on the income statement 7) In addition to requiring that the accounting equation remain in balance, the double-entry system also requires that: A) the total dollar amount of debits must equal the total dollar amount of credits....
Use the following information to calculate cash paid for wages and salaries: Salaries expense Salaries payable,...

Use the following information to calculate cash paid for wages and salaries: Salaries expense Salaries payable, January 1 Salaries payable, December 31 $169,000 6,500 10,800 Multiple Choice 0 $175,500 0 $158.200 0 $169,000 0 O $173,300 0 $164,700
Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline...

Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense Salaries Payable 4,000 6,000 700 10,000 9,000 8,200 7,100 1,600 34,000 3,900 DO What is the amount of total liabilities at the end of the year? A. $24,600 B. $20,700 C. $12,400 OD. $12,200

help me fill this please. thank you and thumbs up!. Cash Transaction Paid advertising expense of...

help me fill this please. thank you and thumbs up!. Cash Transaction Paid advertising expense of $165. Issued $600 of common stock for cash. Performed services for cash $450. Performed services on account $500. Paid $215 of last month's salaries. Paid $200 for last month's utilities. Paid $250 cash for miscellaneous expenses. Paid cash dividend of $125. Paid salary expense $250 cash. Collected $250 of accounts receivable. Sold land for cash $500. Received utilities bill, $175 to be paid next...
Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Explanation plies, Accounts Payable, Common Stock, Dividends, Sales...

Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Explanation plies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office 2. Prepare T accounts, using the account titles in (1). Post the journal entries to the accounts, placing the appropriate letter to the left of each amount to identify the transaction Determine the account balances after all posting is complete. Accounts containing only a sine PR 2-2A Journal entries and trial balance Obj. 1, 2, 3, 4 56,770 On October...
an income statement includes ____ An income statement includes O Land and Salaries Payable O Owner's...

an income statement includes ____ An income statement includes O Land and Salaries Payable O Owner's Capital and Owner's Withdrawals - Furniture and Cash Service Revenue and Utilities Expense

Consider the following list of accounts: Cash Service Revenue Salaries Expense Accounts Payable Equipment Retained...

Consider the following list of accounts: Cash Service Revenue Salaries Expense Accounts Payable Equipment Retained Earnings Utilities Expense Accounts Receivable Common Stock Dividends How many of these accounts have a normal debit balance? Multiple Choice Four. O Five, Five.
Transaction 6 Wages and salaries in March were $11,200, of which $8,200 was actually paid to...

Transaction 6 Wages and salaries in March were $11,200, of which $8,200 was actually paid to employees. Account: Dollar amount: Account: Dollar amount: Account: Dollar amount: Account: Cash Accounts Receivable Inventory Prepaid Rent Fixtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount: Account: Dollar amount: Submit Ang
Options; Accounts Payable, Equipment, Common Shares, Cash, Rent Expense, Supplies, No Transaction, Income Tax Expense, Unearned...

Options; Accounts Payable, Equipment, Common Shares, Cash, Rent Expense, Supplies, No Transaction, Income Tax Expense, Unearned Revenue, Accounts Receivable, Service Revenue. Question 3 Transactions for Crane Ltd. for the month of June, its first month of operations, are presented below: June 1 Issued common shares to shareholders in exchange for $2,550 cash 4 Purchased supplies on account for $256 7 Billed J. Kronsnoble $278 for welding work done. 18 Received partial payment of $192 from J. Kronsnoble for work billed...

Accounts Receivable $ 1,200 Salaries Expense $ 900 Accounts Payable 1,500 Service Revenue 7,000 Cash 23,500...

Accounts Receivable $ 1,200 Salaries Expense $ 900 Accounts Payable 1,500 Service Revenue 7,000 Cash 23,500 Office Supplies 2,000 Stock issued during March 39,000 Truck 17,080 Dividends paid during March 2,500 Utilities Expense 320 Begin by preparing the income statement for DJDJ Painting for the month of MarchMarch 20182018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) DJ Painting Income Statement Month Ended March 31, 2018...

If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...

Homework Answers

Add Answer to:
If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...

Post as a guest

Earn Coins

6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A)...

Use the following information to calculate cash paid for wages and salaries: Salaries expense Salaries payable,...

Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline...

help me fill this please. thank you and thumbs up!. Cash Transaction Paid advertising expense of...

Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Explanation plies, Accounts Payable, Common Stock, Dividends, Sales...

an income statement includes ____ An income statement includes O Land and Salaries Payable O Owner's...

Consider the following list of accounts: Cash Service Revenue Salaries Expense Accounts Payable Equipment Retained...

Transaction 6 Wages and salaries in March were $11,200, of which $8,200 was actually paid to...

Options; Accounts Payable, Equipment, Common Shares, Cash, Rent Expense, Supplies, No Transaction, Income Tax Expense, Unearned...

Accounts Receivable $ 1,200 Salaries Expense $ 900 Accounts Payable 1,500 Service Revenue 7,000 Cash 23,500...

If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...

Homework Answers

Add Answer to: If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...

Post as a guest

Earn Coins

Add Answer to:
If cash is paid for worker salaries, the transaction includes a.debiting Salaries Expense and crediting Accounts Payable...