Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following totals for the month of June were taken from the payroll register of Arcon Company: $13,680.00 1,026.00 283.00 Salaries expense Social security and

The following totals for the month of June were taken from the payroll register of Arcon Company: $13,680.00 1,026.00 283.00 Salaries expense Social security and Medicare taxes withheld Income taxes withheld Retirement savings The entry to record the payment of net pay would include a O a. credit to Salaries Payable for $11,871.00. b. credit to Salaries Expense for $11,871.00. c. debit to Salaries Payable for $13,680.00. O d. debit to Salaries Payable for $11,871.00. 500.00
image text in transcribed
The entry to record the payment of net pay would include a a. credit to Salaries Payable for \\( \\$ 11,871,00 \\) b. credit to Salaries Expense for \\( \\$ 11,871.00 \\). c. debit to Salaries Payable for \\( \\$ 13,680,00 \\). d. debit to Salaries Payable for \\( \\$ 11.871 .00 \\)

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

Essential Bookkeeping And Financial Accounting

Authors: Emile Woolf International

1st Edition

1848437552, 978-1848437555

More Books

Students also viewed these Accounting questions

Question

2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago