Question

Which of the following journal entries is recorded correctly and in the standard format?
A. Salaries and Wages Expense 530
Cash 1440
Advertising Expense 910
B. Salaries and Wages Expense 530
Advertising Expense 910
Cash 1540 Cash 1440
C. Salaries and Wages Expense 530
Advertising Expense 910
D. Salaries and Wages Expense 530
Advertising Expense 910
Cash 1440

Answer 1

Answer:

D. Salaries and Wages Expense 530

Advertising Expense 910

Cash 1440

Explanation:

Salaries and wages expense, and advertising expense, are expenses, therefore, when they increase, they are debited.

Cash is an asset account, when it decreases, as in this case, it is debited.

The entry would be:

Account                                        Debit              Credit

Salaries and Wages Expense     530

Advertising expense                   910

Cash                                                                      1440