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The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $ 11,340.00 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 $ 11,340.00 Social security and Medicare Taxes withheld 850.50 Income Taxes withheld 320.00 Retirement Savings 519.00 The entry to record the liability for net pay would include a Select the correct answer. Debit to Salaries Payable for $9,650.50 Credit to Salaries Payable for $9,650.50 Debit to Salaries Payable for $11,340.00 Credit to Salaries Expense for $9,650.50

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