1. What adjusting entry does a company make to record accued employee salaries? a. debit salaries...

1. What adjusting entry does a company make to record accued employee salaries?
a. debit salaries expense and credit salaries payable
b. debit salaries expense and credits cash
c. debit salaries payable and credits cash
d. debit salaries expense and credit salaries payable

2. what journal entry does a company make to replenish a petty cash fund?
a. debits cash and credits petty cash.
b. debits petty cash and credits cash.
c. debits various asset and expense accounts and credits cash.
d. debits various asset and expense accounts and credits petty cash.

Expert Solution

1. Option A

Debit : Salaries expense

Credit : Salaries payable

2. Option B

Debit : Petty cash

Credit : Cash

ekkarill92 answered 2 years ago

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