A Business Pays Salary Expense of $4,000 in Cash $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

question 160

Essay

A business pays salary expense of $4,000 in cash.Please provide the journal entry (debits first,credits second.)
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

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Definitions:

Desirability

The quality of being wanted or wished for due to appealing attributes or qualities.

Multi-Attribute Utility Theory

An approach in decision-making that evaluates alternatives based on multiple criteria to assess their overall utility.

Systematically Search

A methodical and organized approach to search for information or solutions, often following a specific plan or pattern.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.