Dusiness enterprise pays weekly salaries of $20,000 on Friday for a five-day week riod ending on Wednesday is: a. Debit Drawing, $12,000; credit Cash, $12,000 b. Debit Salaries Expense, $20,000; credit Salaries Payable, $20,000 c. Debit Salaries Payable, $12,000, Credit Cash, S12,000 d. Debit Salaries Expense, S12,000; Credit Salaries Payable, $12,000
Dusiness enterprise pays weekly salaries of $20,000 on Friday for a five-day week riod ending on Wednesday is: a. Debit Drawing, $12,000; credit Cash, $12,000 b. Debit Salaries Expense, $20,000; credit Salaries Payable, $20,000 c. Debit Salaries Payable, $12,000, Credit Cash, S12,000 d. Debit Salaries Expense, S12,000; Credit Salaries Payable, $12,000
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 5PB: Payroll accounts and year-end entries The following accounts, with the balances indicated, appear in...
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