which of the following entries would be completed because of the matching principle? a. accounts debit…

which of the following entries would be completed because of the matching principle? a. accounts debit credit salaries expense 1,000 service revenue 1,000 b. accounts debit credit salaries expense 1,000 salaries payable 1,000 c. accounts debit credit cash 1,000 salaries expense 1,000 d. accounts debit credit cash 1,000 unearned revenue 1,000

which of the following entries would be completed because of the matching principle? a. accounts debit credit salaries expense 1,000 service revenue 1,000 b. accounts debit credit salaries expense 1,000 salaries payable 1,000 c. accounts debit credit cash 1,000 salaries expense 1,000 d. accounts debit credit cash 1,000 unearned revenue 1,000

Answer

Answer:

B. Salaries Expense 1,000 (Debit), Salaries Payable 1,000 (Credit)

Brief Explanations:

The matching principle in accounting requires expenses to be matched with revenues in the period they are incurred. Recording salaries expense and salaries payable reflects an expense (salaries) that has been incurred but not yet paid, matching it to the period's operations.