The Following Totals for the Month of June Were Taken

question 11

Multiple Choice

The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense
$14,000
Social security and Medicare taxes withheld
1,050
Income taxes withheld
2,600
Retirement savings
1,000
The entry to record the payment of net pay would include a

• A) debit to salaries payable for $14,000
• B) debit to salaries payable for $9,350
• C) credit to salaries expense for $9,350
• D) credit to salaries payable for $9,350

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Definitions:

Sleeplessness

The condition of being unable to sleep, also known as insomnia, which can lead to fatigue and other health problems.

Probability

A measure of the likelihood of a specific event or outcome occurring, expressed as a ratio between 0 and 1.

Depressed

A state characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Probability

A measure of the likelihood of occurrence of a particular event or outcome, expressed as a number between 0 and 1.