Jay's Limo Services Paid $300 Cash to Employees for Work $\begin{array} { | l | r | r | } \hline \text { Salaries Expense } & 300 & \\\hline \text { Accounts Payable } & & 300 \\\hline\end{array}$

question 184

Multiple Choice

Jay's Limo Services paid $300 cash to employees for work performed in the current period. Which of the following general journal entries will Jay's Limo Services make to record this transaction?

• A) \(\begin{array} { | l | r | r | }
• \hline \text { Salaries Expense } & 300 & \\
• \hline \text { Accounts Payable } & & 300 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 300 \\
• \hline \text { Salaries Expense } & & 300 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | l | r | r | }
• \hline \text { Salaries Expense } & 300 & \\
• \hline \text { Dividends } & & 300 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | l | r | r | }
• \hline \text { Salaries Payable } & 300 & \\
• \hline \text { Salaries Expense } & & 300 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | l | r | r | }
• \hline \text { Salaries Expense } & 300 & \\
• \hline \text { Cash } & & 300 \\
• \hline
• \end{array}\)

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Definitions:

Rightsizing

Is the process of monitoring and adjusting the composition of the organization’s workforce to its optimal size.

Stable Employers

Organizations that provide consistent employment opportunities over time, known for their financial stability, low staff turnover, and predictable demand for their products or services.

Employment Downsizers

Companies or managers that implement policies to reduce the workforce for cost-cutting or organizational restructuring purposes.

Progressive

Progressive refers to a tax system in which the tax rate increases as the taxable base amount (income or profits) increases, aimed at ensuring fairness by taxing individuals based on their capacity to pay.