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The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 12,440.00 Social security and Medicare

The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 12,440.00 Social security and Medicare Taxes withheld 933.00 Income Taxes withheld 348.00 Retirement Savings 501.00 The entry to record the liability for net pay would include a Select the correct answer. Credit to Salaries Payable for $10,658.00 Debit to Salaries Payable for $12,440.00 Credit to Salaries Expense for $10,658.00 Debit to Salaries Payable for $10,658.00

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