Jay's Limo Services paid $300 cash to employees for work performed in the current period. Which of the following general journal entries will Jay's Limo Services make to record this transaction?
A) $\begin{array} { | l | r | r | }
\hline \text { Salaries Expense } & 300 & \
\hline \text { Accounts Payable } & & 300 \
\hline
\end{array}$
B) $\begin{array} { | l | r | r | }
\hline \text { Cash } & 300 \
\hline \text { Salaries Expense } & & 300 \
\hline
\end{array}$
C) $\begin{array} { | l | r | r | }
\hline \text { Salaries Expense } & 300 & \
\hline \text { Dividends } & & 300 \
\hline
\end{array}$
D) $\begin{array} { | l | r | r | }
\hline \text { Salaries Payable } & 300 & \
\hline \text { Salaries Expense } & & 300 \
\hline
\end{array}$
E) $\begin{array} { | l | r | r | }
\hline \text { Salaries Expense } & 300 & \
\hline \text { Cash } & & 300 \
\hline
\end{array}$

Question

Jay's Limo Services paid $300 cash to employees for work performed in the current period. Which of the following general journal entries will Jay's Limo Services make to record this transaction?
A) $\begin{array} { | l | r | r | } 
\hline \text { Salaries Expense } & 300 & \
\hline \text { Accounts Payable } & & 300 \
\hline
\end{array}$
B) $\begin{array} { | l | r | r | } 
\hline \text { Cash } & 300 \
\hline \text { Salaries Expense } & & 300 \
\hline
\end{array}$
C) $\begin{array} { | l | r | r | } 
\hline \text { Salaries Expense } & 300 & \
\hline \text { Dividends } & & 300 \
\hline
\end{array}$
D) $\begin{array} { | l | r | r | } 
\hline \text { Salaries Payable } & 300 & \
\hline \text { Salaries Expense } & & 300 \
\hline
\end{array}$
E) $\begin{array} { | l | r | r | } 
\hline \text { Salaries Expense } & 300 & \
\hline \text { Cash } & & 300 \
\hline
\end{array}$

Quizplus · Accepted Answer

The correct entry is to debit Salaries Expense and credit Cash, reflecting the payment of cash for salaries.

Jay's Limo Services Paid $300 Cash to Employees for Work Salaries Expense 300 Accounts Payable 300\begin{array} { | l | r | r | } \hline \text { Salaries Expense } & 300 & \\\hline \text { Accounts Payable } & & 300 \\\hline\end{array} Salaries Expense Accounts Payable ​300​300​​

Jay's Limo Services Paid $300 Cash to Employees for Work $\begin{array} { | l | r | r | } \hline \text { Salaries Expense } & 300 & \\\hline \text { Accounts Payable } & & 300 \\\hline\end{array}$