Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Muscat company hired a secretary-receptionist at a salary of R. O 4,000 per month to be paid cash. The Journal Entry should be: Select one:

image text in transcribed
Muscat company hired a secretary-receptionist at a salary of R. O 4,000 per month to be paid cash. The Journal Entry should be: Select one: a. DEBIT Cash OMR 4,000 and CREDIT Prepaid Salary Expense OMR 4,000 b. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Account Payable OMR 4,000 C. DEBIT Salary Expense OMR 4,000 and CREDIT Cash OMR 4,000 d. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Cash OMR 4,000 e. No entry--not a transaction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditors For Stock Brokers

Authors: National Institute Of Securities Markets (NISM)

1st Edition

9350717581, 978-9350717585

More Books

Students also viewed these Accounting questions