A Company Shows a Balance in Salaries and Wages Payable

question 147

Short Answer

A company shows a balance in Salaries and Wages Payable of $40,000 at the end of the month. The next payroll amounting to $60,000 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:

Symphysis Pubis

A cartilaginous joint located between the left and right pubic bones near the front of the pelvis, supporting pelvic stability.

Bladder Scan

A non-invasive ultrasound procedure used to estimate the volume of urine in the bladder.

Indwelling Catheter

A tube inserted into a body cavity, such as the bladder, to allow for the continuous discharge of fluid.

Urinary Drainage

The process or device used to facilitate the removal of urine from the bladder.