JULY 12 Paid $300 to send employees to realtor’s workshop. Cheque 614.
is this right::::
Salaries expense (Debit)
Cash (Credit)
Based on the information provided, it seems that the payment of $300 was made to send employees to a realtor's workshop. Since the payment was made in cash, the appropriate journal entry would be recorded as follows:
Salaries Expense (Debit) $300
Cash (Credit) $300
The Salaries Expense account is debited because it represents an expense incurred by the company for the workshop, while the Cash account is credited to reflect the outflow of cash from the business. It's important to note that this assumes the $300 payment is specifically related to the employees' attendance at the workshop and not their regular salaries.