Which of the Following Journal Entries Is Correct When a Company

question 75

Multiple Choice

Which of the following journal entries is correct when a company has incurred an expense for work performed but has not yet paid for theses salaries to employees? A. Salaries expense
$\quad$ Operating income
B. Salaries expense
$\quad$ Accrued expenses payable
C. Accrued expenses payable
$\quad$ Cash
D. Retained earnings
$\quad$ Salaries expense

• A) Option A
• B) Option B
• C)Option C
• D)Option D

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Definitions:

Household Purposes

Activities or tasks carried out within a home for the benefit of its occupants, often relating to daily living and maintenance.

Perfected in One State

A legal status indicating that a security interest or lien is officially recorded or acknowledged in a particular state, safeguarding the rights of the lienholder.

Transfer to Another State

The process of moving a legal case or an individual, such as a parolee or prisoner, from one state's jurisdiction to another.

Four Months

A period of time equal to approximately 120 days, often used in the context of timelines for projects, payments, or legal matters.