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.
Correct Answer:
Verified
Correct Answer:
Verified
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