Question
At the end of 2022, Dallas Company made the following adjusting entry to record $10,000 of earned (unpaid) wages: Debit Salaries 10 000 Credit Salaries
At the end of 2022, Dallas Company made the following adjusting entry to record $10,000 of earned (unpaid) wages:
Debit Salaries 10 000 Credit Salaries Payable 10 000
Salaries of $40,000 (including the $10,000 in accrued salaries at the end of 2022) were paid in the first week of January 2023. The entry to record the payment of salaries should include a : Question 40 options:
None of the above
Debit of $10,000 to "Salaries" (expense) and debit of $30,000 to "Salaries payable" (liability)
Debit $40,000 to "salaries" (expense) and debit $10,000 to "salaries payable" (liability)
30,000 debit to "salaries" (expense) and $10,000 debit to "salaries payable" (liability)
50,000 debit to "salaries" (expense) and $10,000 debit to "salaries payable" (liability)
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