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118) Jay's Limo Services paid $300 cash to employees for work performed in the current period. Which of the following general journal entries will Jay's Limo Services make to record this transaction? A) Salaries Expense 300 Accounts Payable 300 B) Cash 300 Salaries Expense 300 C) Salaries Expense 300 J. Smith, Withdrawals 300 D) Salaries Payable 300 Salaries Expense 300 E) Salaries Expense 300 Cash 300

119) Russell Co. received a $400 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Russell Co. make to record the receipt of the bill? A) Utilities Expense 400 Accounts Receivable 400 B) Cash 400 Utilities Expense 400 C) Utilities Expense 400 Accounts Payable 400 D) Accounts Payable 400 Utilities Expense 400 E) No journal entry is required.

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Test Bank for Fundamental Accounting Principles 24th Edition Wild  

Fundamental Accounting Principles 24th Edition Wild Test Bank 2019 (9781259916960) (1259916960). Instant test bank download. Download from h...

Test Bank for Fundamental Accounting Principles 24th Edition Wild  

Fundamental Accounting Principles 24th Edition Wild Test Bank 2019 (9781259916960) (1259916960). Instant test bank download. Download from h...

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