A company shows a balance in Salaries and Wages Payable of $50,000 at the end of the month.The next payroll amounting to $75,000 is to be paid in the following month.What will be the journal entry to record the payment of salaries? 
Definitions:
Psychosis
A mental disorder characterized by a disconnection from reality, which may include delusions, hallucinations, and disordered thinking.
Alcohol
A chemical compound, specifically ethanol, which is found in drinks like beer, wine, and spirits, and can alter consciousness and impair cognitive and motor functions.
Cirrhosis
A chronic liver disease marked by degeneration of cells, inflammation, and fibrous thickening of tissue, often caused by alcoholism or hepatitis.
Blackouts
Episodes of memory loss for events that occurred while a person was intoxicated or during certain medical conditions.
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