Small Town Essentials uses a separate... Small Town Essentials uses a separate checking account to pay their employees. The gross pay for the period was $850. However, after deductions were taken out, the net pay for the period was $790. The journal entry to record the issuance of payroll checks to their employees would include: Multiple Choice O O a debit to Salaries Expense for $790. a debit to Salaries Payable for $850. a debit to Salaries Payable for $790. a credit to Salaries Payable for $850.

Small Town Essentials uses a separate... Small Town Essentials uses a separate checking account to pay their employees. The gross pay for the period was $850. However, after deductions were taken out, the net pay for the period was $790. The journal entry to record the issuance of payroll checks to their employees would include: Multiple Choice O O a debit to Salaries Expense for $790. a debit to Salaries Payable for $850. a debit to Salaries Payable for $790. a credit to Salaries Payable for $850.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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