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goji.go goji.go
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9 years ago
Suzy Queue hires a salesperson for her business. Suzy agrees to pay the salesperson a commission of 10 percent of sales. By the end of the first month, the salesperson has done $50,000 of sales. Suzy wants to prepare accurate financial statements at the end of the month, but has not yet paid the salesperson. What journal entry should she make before preparing her financial statements for the month?
      a.   debit commissions expense ($5,000); and credit commissions payable ($5,000)
      b.   debit prepaid commissions ($5,000); and credit commissions payable ($5,000)
      c.   debit commissions expense ($50,000); and credit cash ($50,000)
      d.   debit prepaid commissions ($5,000); and credit cash ($5,000)
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
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#3
9 years ago
You're very welcome!
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#4
3 years ago
Awesome!
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#5
3 years ago
cool
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#6
3 years ago
Awesome
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#7
3 years ago
thank you
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#8
3 years ago
Thank you!
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#9
3 years ago
thank you
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#10
3 years ago
thank you
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#11
3 years ago
thank you
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#12
3 years ago Edited: 3 years ago, Scott Fulton
nope
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