(Solution) - Legolas Company paid 5 000 cash for executive salaries When the -(2025 Original AI-Free Solution)

Paper Details

Legolas Company paid $5,000 cash for executive salaries. When the journal entry to record this $5,000 payment was made, the payment was mistakenly added to the cost of land purchased by Legolas. The $5,000 should have been recorded as salary expense. Make the journal entry necessary to correct this error.