The Journal Entry to Record the Payment of Salaries for the Month

question 7

Multiple Choice

The journal entry to record the payment of salaries for the month is:

• A)Debit Cash; Credit Salaries Payable
• B)Debit Salaries; Credit Accounts Payable
• C)Debit Salaries Expense; Credit Cash
• D)Debit Cash; Credit Salaries Expense

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Definitions:

Christmas Tree Farm

A farming operation dedicated to the cultivation of Christmas trees, where individuals can purchase live trees during the holiday season.

Manufacturer

A manufacturer is a company or individual that produces finished goods from raw materials through the use of tools, human labor, and machinery in a process called manufacturing.

Employee Referrals

A recruiting approach where current employees recommend potential candidates for open positions within the organization.

One-Year Survival Rate

A statistical measure indicating the percentage of individuals or entities that continue to exist or operate one year after initiation.