A Company Shows a Balance in Salaries Payable Of $\neq 40,000$

question 128

Multiple Choice

A company shows a balance in Salaries Payable of $\neq 40,000$ at the end of the month. The next payroll amounting to $¥ 45,000$ 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:

Employers

Individuals or organizations that hire and provide work to employees in exchange for their services.

Craft Unions

Labor unions that represent workers skilled in a particular craft or trade, focusing on specific skill sets and occupations.

Flush Toilet

A flush toilet is a sanitation fixture used for the disposal of human waste, operating by using water to flush the waste through a drain to a sewage system.