Question

PaidsalariestoMrAliAED5,000

PaidsalariestoMrAliAED5,000

Homework Answers

Answer #1
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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