The journal entry to record the payroll for a period will include a credit to Salaries and Wages Payable for the gross a. amount less all payroll deductions. amount of all paychecks issued. Ob. oc pay less taxes payable. Od pay less voluntary deductions, Question 3 The relationship between current liabilities and current assets is useful in determining income. a. Ob. useful in evaluating a company's liquidity. called the matching principle. . useful in determining the amount of a company's long-term debt. O d. A Moving to the next question prevents changes to this