The Journal Entry to Record Payroll

question 174

Multiple Choice

The journal entry to record payroll:

• A)debits salary expense for the gross payroll and credits salary payable for the net pay.
• B)credits income tax payable for the income tax that has been withheld from the employees.
• C)credits FICA payable for the social security and Medicare tax withheld from the employees.
• D)does all of the above.

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Definitions:

Complete Workout

A comprehensive exercise routine that targets all major muscle groups, often including strength, cardiovascular, and flexibility training.

Conditioning

The process of training or developing physical fitness through exercises that improve strength, endurance, flexibility, or coordination.

Warm-up

A series of low-intensity exercises performed before engaging in physical activity to prepare the body and reduce the risk of injury.

Cool-down

A set of low-intensity exercises performed after more intense activity to help the body transition to a resting or near-resting state.