Two employees worked one week and were paid salaries of $2,500.The journal entry would:
A)debit Cash for $2,500 and credit Salaries Payable for $2,500.
B)debit Cash for $2,500 and credit Salary Expense for $2,500.
C)debit Accounts Payable for $2,500 and credit Salary Payable for $2,500.
D)debit Salary Expense for $2,500 and credit Cash for $2,500.

Question

Quizplus · Accepted Answer

The journal entry to record the payment of salaries would involve debiting Salary Expense to recognize the cost incurred and crediting Cash to reflect the outflow of cash.

Two Employees Worked One Week and Were Paid Salaries of $2,500.The