The Statewide Sales Company Has Gross Pay for March of $45,000.Which

question 108

Multiple Choice

The Statewide Sales Company has gross pay for March of $45,000.Which of the following is the first journal entry in the payroll cycle to record salary expense?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Salary expense } & 45,000 & \\
• \hline \text { Salary payable } & & 45,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Salary payable } & 45,000 & \\
• \hline \text { Salary expense } & & 45,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Salary expense } & 45,000 & \\
• \hline \text { Cash } & & 45,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 45,000 & \\
• \hline \text { Salary expense } & & 45,000 \\
• \hline
• \end{array}\]

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Definitions:

Technological Advances

Refers to the progress in technology which enhances productivity, efficiency, and innovation in various fields.

Government Regulation

Legal provisions enforced by governmental bodies to control and guide the behavior of businesses and individuals.

General Journal

The most basic form of journal.

Subsidiary Ledger

A Subsidiary Ledger is a set of accounts that provides detailed information to support a general ledger account, such as detailed customer or vendor transactions supporting the accounts receivable or payable balances.