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The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 10,400.00 Social security and Medicare

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The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 10,400.00 Social security and Medicare Taxes withheld 780.00 Income Taxes withheld 327.00 Retirement Savings 577.00 The entry to record the liability for net pay would include a Select the correct answer. Credit to Salaries Payable for $8,716.00 Debit to Salaries Payable for $8,716.00 Credit to Salaries Expense for $8,716,00 Debit to Salaries Payable for $10,400.00

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