Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May,...
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Accounting
Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May, its first month of operations, Jenna's Barkery had revenues of $3,000, all of which were collected in cash. She paid her assistant $1,000 in cash and purchased $200 of supplies on account. The business paid cash dividends of $500. Use the following tabular analysis to determine how Jenna will record the navment to her emnlovee a. Decrease Cash $1,000 and increase Expenses $1,000. b. Increase Accounts Payable $1,000 and decrease Expenses $1,000. c. Increase Accounts Payable $1,000 and decreases Cash $1,000. d. Decrease Cash $1,000 and decrease Expenses $1,000
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