Muscat company hired a secretary-receptionist at a salary of R. O 4,000 per month to be paid cash. The Journal Entry should be: Select one: O a. No entry-not a transaction O b. DEBIT Cash OMR 4,000 and CREDIT Prepaid Salary Expense OMR 4,000 O c. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Account Payable OMR 4,000 O d. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Cash OMR 4,000 Oe. DEBIT Salary Expense OMR 4,000 and CREDIT cash OMR 4,000

Muscat company hired a secretary-receptionist at a salary of R. O 4,000 per month to be paid cash. The Journal Entry should be: Select one: O a. No entry-not a transaction O b. DEBIT Cash OMR 4,000 and CREDIT Prepaid Salary Expense OMR 4,000 O c. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Account Payable OMR 4,000 O d. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Cash OMR 4,000 Oe. DEBIT Salary Expense OMR 4,000 and CREDIT cash OMR 4,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...

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