The correct Entry for this | |||
General Journal | Debit | Credit | |
Salaries Expense | 5,000 | ||
Cash | 5,000 | ||
(To record paid to salaries to Mr. Ali) | |||
Other Correct Entries if available | |||
General Journal | Debit | Credit | |
1 | Cash | 100,000 | |
Capital | 100,000 | ||
2 | Cash | 10,000 | |
Fees Earned | 10,000 | ||
3 | Cash | 50,000 | |
Loan account | 50,000 | ||
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