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The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 11,740.00 Social security and Medicare

The following totals for the month of June were taken from the payroll register of Arcon Company:

Salaries expense $ 11,740.00
Social security and Medicare Taxes withheld 880.50
Income Taxes withheld 338.00
Retirement Savings 489.00

The entry to record the liability for net pay would include a

Select the correct answer.

Debit to Salaries Payable for $11,740.00

Debit to Salaries Payable for $10,032.50

Credit to Salaries Expense for $10,032.50

Credit to Salaries Payable for $10,032.50

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