If a company issues a check for $2,750 in payment of the salaries expense for the last half of the month, the transaction will b

Question

3 years ago

14

If a company issues a check for $2,750 in payment of the salaries expense for the last half of the month, the transaction will b

e recorded in which journal?a. Cash disbursements journal.b. Sales journal.c. Cash receipts journal.d. Purchases journal.e. General journal.

Business

1 answer:

Anton [14] · Answer 1 · 2022-05-20T06:25:48+03:00

Answer:

Cash Disbursement Journal

Explanation:

First and Foremost, whether it is a cash or check payment, it is recorded in the Cash Journal. The only difference is that such an all-encompassing Cash Journal will have a minimum of two columns; the first to record cash and the other to record the checks.

Sales Journal is used for transactions that deal directly with company sales

Purchases Journal is used for transactions directly related to the purchase of inventory for sales and General Journal is used for other non-specific items of income and expenditure.

The salary expense of $2,750 involves the disbursement of cash (through the company's bank account) to settle the workers. Hence, the journal for the record is the Cash Disbursement Journal.