A Company Shows a Balance in Salaries and Wages Payable

question 198

Short Answer

A company shows a balance in Salaries and Wages Payable of ¥48,000 at the end of the month. The next payroll amounting to ¥54,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries?

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Definitions:

Civil War

An internal conflict within a country between different groups or regions, often over issues of governance, territory, or cultural identity.

National Output

The total value of all goods and services produced by a country over a specific period, often measured as Gross Domestic Product (GDP).

Automobile Industry

A global sector that involves the design, manufacture, marketing, and sale of motor vehicles, often considered a major driver of economic activity.

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology.