Questions: Brown Company paid its employee his weekly salaries of 400. Show how to record the transaction to the T-accounts by completing the following sentence. The Salaries expense account would be (debited/credited) on the (left/right) side of the T-account, and the Cash account would be (debited/credited) on the (left/right) side of the T-account.

Brown Company paid its employee his weekly salaries of 400. Show how to record the transaction to the T-accounts by completing the following sentence. The Salaries expense account would be (debited/credited) on the (left/right) side of the T-account, and the Cash account would be (debited/credited) on the (left/right) side of the T-account.
Transcript text: learning.mheducation.com Ext Assignment x 20 of 32 Concepts completed Due in less than 1 hour $X$ Fill in the Blank Question (4) Brown Company paid its employee his weekly salaries of $\$ 400$. Show how to record the transaction to the T-accounts by completing the following sentence. The Salaries expense account would be $\square$ (debited/credited) on the $\square$ (left/right) side of the T-account, and the Cash account would be $\square$ (debited/credited) on the $\square$ (leftright) side of the T-account. Need help? Review these concept resources. (1) Read About the Concept Rate your confidence to submit your answer. High Medium Low (1) Reading 02025 McGraw Hal. Al Rights Reserved. Privacy Center Ierms of Use
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Solution

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The Salaries expense account would be debited on the left side of the T-account, and the Cash account would be credited on the right side of the T-account.

Explanation:

  1. Salaries Expense Account:

    • When a company pays salaries, it incurs an expense. Expenses are recorded as debits in accounting.
    • Therefore, the Salaries expense account is debited.
    • Debits are recorded on the left side of the T-account.

  2. Cash Account:

    • Paying salaries involves an outflow of cash, which decreases the cash balance.
    • Decreases in asset accounts, like Cash, are recorded as credits.
    • Credits are recorded on the right side of the T-account.

In summary, the transaction involves debiting the Salaries expense account on the left side and crediting the Cash account on the right side.

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