After Posting the Entries to Record Salary Expenses and Payroll

question 24

True/False

After posting the entries to record salary expenses and payroll tax expenses, the income taxes payable account of Halpha Company has a $9,000 credit expense resulting from income taxes.

---

Definitions:

Liability

Legal responsibility for one's actions or for a particular outcome, often involving compensation for harm or injury caused.

Bank Building

A structure specifically designed to house the functions and services of a banking institution.

Duty to Assist

The obligation to provide necessary information, support, or assistance in certain contexts, such as employment or insurance claims.

Diving Equipment

Apparatuses and tools specifically designed for subaquatic exploration and activities, such as scuba tanks and wetsuits.