If a Company Issues a Check for $2,750 in Payment

question 35

Multiple Choice

If a company issues a check for $2,750 in payment of the salaries expense for the last half of the month,the transaction will be recorded in which journal?

• A)Cash disbursements journal.
• B)Sales journal.
• C)Cash receipts journal.
• D)Purchases journal.
• E)General journal.

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Definitions:

Partial Deliveries

In commercial transactions, the act of delivering a portion of goods distinct from the total quantity stipulated in a contract, often subject to agreement by the involved parties.

Late Delivery

The act of failing to deliver goods or complete a service by the agreed-upon or expected time.

Cancel the Contract

The act of formally terminating a contractual agreement, either through mutual consent of the parties involved or due to the breach of contract terms by one party.

Duty to Pay

An obligation imposed on an individual or entity to make a payment to another as required by law or contract.