Two Company hired a new manager and signed a contract agreei

Two Company hired a new manager and signed a contract agreeing to pay a salary of $50,000 per year. The entry to record the transaction would include

A credit to salary expense for $50,000

Solution

C. No entry

No entry would be recorded for hiring a manager.   

Two Company hired a new manager and signed a contract agreeing to pay a salary of $50,000 per year. The entry to record the transaction would include A credit t

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