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20 2 Points On December 2020, Miranda Right started Right consulting, a new business, and completed the following transactions during the first year of operations.

20 2 Points On December 2020, Miranda Right started Right consulting, a new business, and completed the following transactions during the first year of operations. Owner paid $500 cash for rent. The Journal Entry for this transaction will be Dr. Rent Expense $500 Cr. Cash $500 Dr. Cash $800 B Cr. Rent Expense $800 Dr. Salaries Payable $800 Cr. Cash $800 Dr. Salaries Expense $500 Cr. Cash $500

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