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On December 31, Frank Voris Company correctly made an adjusting entry to recognize $2,000 of accrued salaries and wages payable. On January 8 of the next year, total salaries and wages of $3,400 were paid. Assuming the correct reversing entry was made on January 1, the entry on January 8 will result in a credit to Cash $3,400 and the following debit(s):Salaries and Wages Payable $2,000 and Salaries and Wages Expense $1,400.Salaries and Wages Payable $3,400.Salaries and Wages Payable $1,400, and Salaries and Wages Expense $2,000.Salaries and Wages Expense $3,400.

On December 31, Frank Voris Company correctly made an adjusting entry to recognize $2,000 of accrued salaries and wages payable. On January 8 of the next year, total salaries and wages of $3,400 were paid. Assuming the correct reversing entry was made on January 1, the entry on January 8 will result in a credit to Cash $3,400 and the following debit(s):Salaries and Wages Payable $2,000 and Salaries and Wages Expense $1,400.Salaries and Wages Payable $3,400.Salaries and Wages Payable $1,400, and Salaries and Wages Expense $2,000.Salaries and Wages Expense $3,400.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 10RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...
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On December 31, Frank Voris Company correctly made an adjusting entry to recognize $2,000 of accrued salaries and wages payable. On January 8 of the next year, total salaries and wages of $3,400 were paid. Assuming the correct reversing entry was made on January 1, the entry on January 8 will result in a credit to Cash $3,400 and the following debit(s):



Salaries and Wages Payable $2,000 and Salaries and Wages Expense $1,400.



Salaries and Wages Payable $3,400.



Salaries and Wages Payable $1,400, and Salaries and Wages Expense $2,000.



Salaries and Wages Expense $3,400.

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