We cannot record this business transaction until we have the details regarding the company's own contribution for its employees' welfare.

In the journal book, we will record Wages and Salaries on the right side as a cost and Employee Payable on the left side as a liability for an amount equal to 60 000 €.

The first business transaction to be recorded considers the money flowing out for the company for the wages and salaries of its employees. Therefore, we will have Wages and Salaries on the left side as a cost, and Bank account on the right side as a cash-out for an amount equal to 60 000 €.

In the journal book, we will record on the left side Wages and salaries 60 000 € as a cost and Welfare institutions for 1 500 € and employee payable on the right side as a debt (61 500€).

The first business transaction to be recorded considers the money flowing out for the company for the wages and salaries of its employees. Therefore, we will have Wages and Salaries on the left side as a cost, and Bank account on the right side as a cash-out for an amount equal to 50 000 €.

None of the others is correct

In the journal book, we will record Welfare institutions (19 000 €) and Tax payable (12 500 €) on the left side as a cost and employee payable on the right side as a debt (31 500€).

In the journal book, we will record Wages and Salaries on the left side as a cost and Employee Payable on the right side as a debt for an amount equal to 18 500 €.

We cannot record this business transactions until we have the details regarding the company's own contribution for its employees' welfare.

Issuing

new shares increases the equity account balance

Left-hand side increases the equity account balance

Profit increases the equity 

Current assets

Floating assets

Fixed assets

Liquid assets

Equity and revenues

Assets and equity

Liabilities and expenses

Assets and expenses

+60.000

-25,500

+15,000

-50,000

Bank loan

Note payables

None of the others is correct

Creditors

Land

The company has to account a gain on sales equal to 3,000 € as a revenue on the right side.

The company has to account a loss on sales equal to 3,000 € which impacts on the cash flow statement

None of the others is correct

The company has to account a loss on sales equal to 3,000 € as a cost on the right side.

The company has to account a gain on sales equal to 3,000 € which impacts on the cash flow statement

None of the other is correct

Long-term debt = 14,000

Long-term debt = 1,000

Long-term debt = 4,000

Obligations

Future benefits

Expenses

Resources