HVAC Service The following transactions occurred during November:

-Refer to HVAC Service.The journal entry to record payment of the salaries will include a credit to

Question

HVAC Service The following transactions occurred during November:
 
-Refer to HVAC Service.The journal entry to record payment of the salaries will include a credit to

Quizplus · Accepted Answer

The journal entry to record payment of salaries will include a debit to Salary Expense and a credit to Cash. Since the salaries have already been earned, there is no need to record a liability or prepayment. The correct option is D, as ultimately, cash will decrease when the payment is made.

HVAC Service the Following Transactions Occurred During November