A Company Shows a Balance in Salaries and Wages Payable $\quad$

question 160

Short Answer

A company shows a balance in Salaries and Wages Payable of $38,000 at the end of the month. The next payroll amounting to $48,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries? a. Salaries and Wages Expense $\quad$$\quad$ 48,000
$\quad$ Salaries and Wages Payable $\quad$$\quad$ 48,000
b. Salaries and Wages Expense $\quad$$\quad$ 48,000
$\quad$ Cash $\quad$$\quad$ 48,000
c. Salaries and Wages/Expense
$\quad$ Cash $\quad$$\quad$ 10,000
d. Salaries and Wages Expense $\quad$$\quad$ 10,000
$\quad$ Salaries and Wages Payable $\quad$$\quad$ 38,000
$\quad$ Cash $\quad$$\quad$ 48,000

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