Which of the following is a possible adjusting entry?
A) Debit Cash, credit Accounts Payable.
B) Debit Service Revenue, credit Cash.
C) Debit Salaries Expense, credit Salaries Payable.
D) Debit Utilities Expense, credit Retained Earnings.
Answer: C
A) Debit Cash, credit Accounts Payable.
B) Debit Service Revenue, credit Cash.
C) Debit Salaries Expense, credit Salaries Payable.
D) Debit Utilities Expense, credit Retained Earnings.
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.