Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the entry to record salaries paid to employees and payroll deductions payable? a. Debit salaries payable, credit cash. b. Debit salaries expense, credit
What is the entry to record salaries paid to employees and payroll deductions payable?
a.
Debit salaries payable, credit cash.
b.
Debit salaries expense, credit prepaid salaries.
c.
Debit salaries expense, credit various payroll liability accounts and credit cash.
d.
Debit various payroll liability accounts, credit accounts payable.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started