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

Question

Quizplus · Accepted Answer

The correct entry to record the payment of office salaries is to debit Salaries Expense, increasing the expense account, and credit Cash, decreasing the asset account. This reflects the outflow of cash to pay for the incurred salary expense.

The Entry to Record the Payment of Office Salaries Would