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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
For the month of September, Countrywide Sales, Inc. recorded gross pay of $74,500. The net pay for the month amounted to $59,500. The salaries are paid on October 5. Which of the following is the journal entry for the payment of salaries?

A) Cash   74,500   
     Salaries and Wages Expense      74,500

B) Salaries and Wages Payable   74,500   
     Cash      74,500

C) Salaries and Wages Payable   59,500   
     Cash      59,500

D) Salaries and Wages Expense   59,500   
     Cash      59,500
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
4 years ago
Thank you so much. You help me correct my work.
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