For the Month of September,Seawide Sales Company Recorded Gross Pay $$\begin{array} { | c | r | r | } \hline \text { Salaries and Wages Payable } & 59,500 & \\\hline \text { Cash } & & 59,500 \\\hline\end{array}$$

question 108

Multiple Choice

For the month of September,Seawide Sales Company recorded gross pay of $74,500.The net pay for the month amounted to $59,500.The salaries are paid on October 5.Which of the following is the journal entry for the payment of salaries?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Salaries and Wages Payable } & 59,500 & \\
• \hline \text { Cash } & & 59,500 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Salaries and Wages Payable } & 74,500 & \\
• \hline \text { Cash } & & 74,500 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Salaries and Wages Expense } & 59,500 & \\
• \hline \text { Cash } & & 59,500 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 74,500 & \\
• \hline \text { Salaries and Wages Expense } & & 74,500 \\
• \hline
• \end{array}\]

---

Definitions:

Labour Rate

The standard or actual cost paid per hour of labor, used in calculating the total cost of production or services.

Raw Materials

Materials that are used to make a product.

Budgeted Production

The planned quantity of goods or services that a company aims to produce over a certain period, often based on forecasted demand.

Kilograms

A unit of mass in the metric system, equivalent to one thousand grams.