The Journal Entry to Record Payroll Transactions for the Accounting

question 101

True/False

The journal entry to record payroll transactions for the accounting period is to debit Wages and Salaries Expense for the gross pay and credit the appropriate liability and cash accounts.

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Definitions:

Determinant

A scalar value that can be computed from the elements of a square matrix and encodes certain properties of the matrix, such as whether it has an inverse.

Minors

In the context of matrices, minors are the determinant of the square matrices obtained by deleting one row and one column from a larger square matrix.

System of Linear Equations

A collection of one or more linear equations involving the same variables.

Matrix

A rectangular array of numbers, symbols, or expressions, arranged in rows and columns.