Your company has paid for a motivational speaker to talk to your employees. How would this be recorded as a journal entry in the accounting cycle? (1 point) Responses not recorded since it’s not a business expense not recorded since it’s not a business expense recorded as a debit recorded as a debit recorded as a credit recorded as a credit recorded as a balance recorded as a balance

Answer 1

The expense for a motivational speaker would be recorded in the accounting cycle as a journal entry. Since this is a business expense related to employee development and motivation, it would typically be recorded as follows:

• Debit: "Expenses" (or a specific account like "Training Expenses") for the amount paid to the speaker.
• Credit: "Cash" (or Accounts Payable if it hasn't been paid yet) for the same amount.

So the correct response from your options would be: recorded as a debit.