Question

required: record each transaction. addison uses the following accounts: cash, accounts receivable, equipment, notes payable, common stock, service revenue, advertising expense, and salaries expense. note: if no entry is required for a transaction or event, select
o journal entry required\ in the first account field. view transaction list journal entry worksheet pay salaries for the current month of $4,800. note: enter debits before credits. date general journal debit credit march 28

Explanation:

Step1: Identify accounts affected

Salaries Expense increases and Cash decreases.

Step2: Apply debit - credit rules

Debit Salaries Expense (expense account increases with a debit) and credit Cash (asset account decreases with a credit).

Answer:

Date	General Journal	Debit	Credit
March 28	Cash		$4,800