A Company Shows a Balance in Salaries and Wages Payable

question 59

Multiple Choice

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:

Foreign Policy

The strategies and decisions made by a country in relating to, interacting with, and managing affairs with other countries.

Islamic Orthodoxy

The adherence to the accepted doctrines and practices of Islam, following traditional beliefs and rituals.

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A region that encompasses Western Asia and Egypt, known for its strategic geopolitical significance and diverse cultures.

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The decade from 1970 to 1979, characterized by significant cultural, political, and technological changes around the world, including the end of the Vietnam War, the Watergate scandal, and the rise of environmental movements.