Which of the Following Entries Would Be Made Because of the Matching

question 25

Multiple Choice

Which of the following entries would be made because of the matching principle?

• A) \(\begin{array}{|l|r|c|}
• \hline \text { Salaries Expense } & 1,000 & \\
• \hline \text { Service Revenue } & & 1,000 \\
• \hline
• \end{array}\)
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1,000 & \\
• \hline \text { Salaries Expense } & & 1,000 \\
• \hline
• \end{array}\]
• C) \(\begin{array}{|l|r|c|}
• \hline \text { Salaries Expense } & 1,000 & \\
• \hline \text { Salaries Payable } & & 1,000 \\
• \hline
• \end{array}\)
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1,000 & \\
• \hline \text { Unearned Revenue } & & 1,000 \\
• \hline
• \end{array}\]

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Definitions:

Balance Sheet

A document that presents a summary of a company's financial assets, debts, and shareholders' equity at a certain point in time.

Profitable Investment

An investment that generates a financial gain or profit, exceeding the initial cost of the investment over time.

Economic Benefits

The advantages or gains received from actions or decisions made in terms of increased income, cost savings, or improved financial health.

Present Obligations

Current commitments arising from past events, expected to lead to an outflow of resources embodying economic benefits.