Tuesday 6 August 2013

Which of the following is a possible adjusting journal entry? Answer Debit Cash, credit Accounts Payable. Debit Service Revenue, credit Cash. Debit Salaries Expense, credit Salaries Payable. Debit Utilities Expense, credit Retained Earnings.

Which of the following is a possible adjusting journal entry?
Answer
  Debit Cash, credit Accounts Payable.
  Debit Service Revenue, credit Cash.
  Debit Salaries Expense, credit Salaries Payable.
  Debit Utilities Expense, credit Retained Earnings.
Answer
Debit Salaries Expense, credit Salaries Payable.

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