Textbook Problem

A $250 payment for salaries expense was incorrectly journalized and posted as a debit to Salaries Expense for $2,500 and a credit to Cash for $2,500. Using the one-step method, how would the entry be corrected?

1. a. Cash    2,500

   Salaries Expense    2,500

2. b. Salaries Expense    250

   Cash    250

3. c. Cash    2,250

   Salaries Expense    2,250

4. d. Salaries Expense    2,250

   Cash    2,250