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Question
multiple choice question
the journal entry to record selling and administrative salaries debits
a liability account and credits an expense account
a liability account and credits an expense account
a liability account and credits manufacturing overhead
manufacturing overhead and credits cash or a liability
an expense account and credits cash or a liability
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Selling and administrative salaries are an expense. When recording them, we debit the expense account (to increase the expense). Cash may be paid out (crediting Cash) or a liability may be created (crediting a liability account like Salaries Payable).
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D. an expense account and credits Cash or a liability