If Accrued Salaries Were Recorded on December 31 with a Debit

question 25

Multiple Choice

If accrued salaries were recorded on December 31 with a debit to Salaries Expense and a credit to Salaries Payable,the entry to record payment of these wages on the following January 5 would include:

• A)A debit to Cash and a credit to Salaries Payable.
• B)A debit to Cash and a credit to Prepaid Salaries.
• C)A debit to Salaries Payable and a credit to Cash.
• D)A debit to Salaries Payable and a credit to Salaries Expense.
• E)No entry would be necessary on January 5.

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Definitions:

Procedural Codes

Codes used in healthcare to document and bill for procedures and services provided to patients.

Denied Claims

Insurance claims that are refused or not approved for payment by insurance companies.

Plus Sign (+)

A mathematical symbol indicating addition or a positive value.

Add-On Codes

Codes used in medical billing to indicate additional procedures or services that are performed alongside a primary service.