A Bank Reconciliation Included an Outstanding Check of $850 for the Payment

question 65

Multiple Choice

A bank reconciliation included an outstanding check of $850 for the payment of salaries.The journal entry to record this reconciling item:

• A)should debit Salaries Expense and credit Cash for $850.
• B)should debit Cash and credit Salaries Expense for $850.
• C)should debit Accounts Payable and credit Cash for $850.
• D)is not required.

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Definitions:

British Empire

The British Empire was a global empire marked by overseas colonization, dominion, and influence, making it one of the largest and most powerful empires in history.

Trading Alliance

A formal agreement between two or more parties to exchange goods, services, or support, often aimed at mutual economic benefit.

French

The Romance language of France, also spoken in parts of Belgium, Switzerland, Canada, and several other countries, as well as an official language of many international institutions.

Huron

A Native American tribe originally from the Great Lakes region of North America.