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The closing entry for Salaries Expense, with a balance of $240,000 is Debit Salaries Expense, $240,000, credit Income Summary, $240,000 Debit Salaries Expense, $240,000, credit
The closing entry for Salaries Expense, with a balance of $240,000 is Debit Salaries Expense, $240,000, credit Income Summary, $240,000 Debit Salaries Expense, $240,000, credit Salaries Payable, $240,000 Debit Income Summary, $240,000; credit Salaries Expense, $240,000 Debit Salaries Payable, $240,000; credit Salaries Expense, $240,000 Question 39 (1 point) Consider the following transaction. ABC Enterprises sold merchandise to DEF Company for $3,000. Terms: 2/10, n/30. On which special journal should this transaction be recorded by ABC Enterprises? Sales Journal Cash Receipts Journal Purchases Journal
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