Question

read the requirement (record debits first, then credits. select the explanation on the last line of the journal entry table.) paid advertising in advance may 23 received $1,700 cash on account from a customer. date may 23, accounts and explanation: cash (debit 1,700), accounts receivable (credit 1,700), explanation: received cash on account may 31 incurred and paid salaries, $1,800. date may 31, accounts and explanation, debit, credit (empty table)

Explanation:

For May 31 transaction:

Step1: Identify expense and cash

Salaries expense is incurred, so debit Salaries Expense. Cash is paid, so credit Cash.

Step2: Record amounts

Debit Salaries Expense for $1,800, credit Cash for $1,800. Explanation: Incurred and paid salaries.

Answer:

Date	Accounts and Explanation	Debit	Credit
	Cash		1,800
	Incurred and paid salaries