9. Paid salaries of two employees, P10,000 each. A. Salaries Expense 10,000 Cash 10,000 B. Cash 20,000 Salaries Expense 20,000 C. Salaries Expense 20,000 Cash 20,000 D. Cash 10,000 Salaries Expense 10,000 OB OD O A

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Problem:

Mya Pachicks opened a delivery service business named "Chicks To Go" on May 1, 2013. The following items were the transactions occurred during the month of May:

 

ANSWER ONLY

9. Paid salaries of two employees, P10,000 each.
A. Salaries Expense
10,000
Cash
10,000
B. Cash
20,000
Salaries Expense
20,000
C. Salaries Expense
20.000
Cash
20,000
D. Cash
10,000
Salaries Expense
10,000
D
O A
Transcribed Image Text:9. Paid salaries of two employees, P10,000 each. A. Salaries Expense 10,000 Cash 10,000 B. Cash 20,000 Salaries Expense 20,000 C. Salaries Expense 20.000 Cash 20,000 D. Cash 10,000 Salaries Expense 10,000 D O A
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education