Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a Salaries and Wages Expense b. Salaries and Wages Expense.... c. Salaries and Wages Expense... d. Salaries and Wages Expense. 45,000 45,000 7,000 7,000 Salaries

image text in transcribed
a Salaries and Wages Expense b. Salaries and Wages Expense.... c. Salaries and Wages Expense... d. Salaries and Wages Expense. 45,000 45,000 7,000 7,000 Salaries and Wages Payable.... 45,000 45,000 7,000 Cash Salaries and Wages Payable 38,000 Cash 45,000 A company shows a balance in Salaries and Wages Payable of $38,000 at the end of the month. The next payroll amounting to $45,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Security Of Computerisation In Accounting And Auditing System

Authors: M.S. Baghel

1st Edition

8178801132, 978-8178801131

More Books

Students also viewed these Accounting questions

Question

Distinguish between mixing movements and propelling movements.

Answered: 1 week ago

Question

Describe three other types of visual aids.

Answered: 1 week ago