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Smith Ltd paid wages for July: gross $2,600, PAYE $650. PAYE is payable on the 10th August. The general journal entry to record this transaction
Smith Ltd paid wages for July: gross $2,600, PAYE $650. PAYE is payable on the 10th August. The general journal entry to record this transaction is:
Select one:
a. Debit Wages Expense $1,950; Credit Cash $1,950
b. Debit Wages Expense $2,600; Credit Cash $2,600
c. Debit Wages Expense $2,600; Credit Cash $1,950 and Credit PAYE Payable $650
d. Debit Wages Expense $1,950 and Debit PAYE Payable $650; Credit Cash $2,600
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