At December 31, Witts Corp

question 137

Short Answer

At December 31, Witts Corp.reports Salaries Payable of $20,000 on its statement of financial position.The next payroll amounting to $50,000 is to be paid in January.What will be the journal entry to record the payment of salaries in January?

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Definitions:

Traumatic Brain Injury (TBI)

Damage to the brain that results from a blow to the head.

CT Scans

Computerized Tomography (CT) scans are medical imaging techniques that use computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.

MRI

Magnetic Resonance Imaging is a non-invasive imaging technology that produces three dimensional detailed anatomical images, widely used in medical diagnosis.