[Q1] The entity paid $8,000 salaries expense in cash.
Prepare a journal entry to record this transaction.
[Journal Entry]
| Debit | Credit | |
| Salaries expense | 8,000 | |
| Cash | 8,000 |
[Notes]
Debit: Increase in salaries expense
Credit: Decrease in cash
Journal entry to record the payment of salaries
[Q1] The entity paid $8,000 salaries expense in cash.
Prepare a journal entry to record this transaction.
[Journal Entry]