Select the Entry Below to Record the Payment to Employees

question 72

Multiple Choice

Select the entry below to record the payment to employees for work performed during the pay period?

• A)debit Cash, and credit Accounts Receivable
• B)debit Salary Expense and credit Cash
• C)debit Salary Expense and credit Accounts Receivable
• D)debit Cash and credit Salary Expense

---

Definitions:

Sale of Real Estate

This term refers to the process of transferring ownership of property or land from one party to another.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Purchase Price

The amount of money paid or agreed to be paid by the purchaser to the seller for acquiring goods, assets, or services.

Collateral

Property or assets that a borrower offers to a lender to secure a loan.