The journal entry to record the payment of salaries for the month is:

Name: The journal entry to record the payment of salaries for the month is:
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Question

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The company is paying out salaries, so there is a decrease in cash. This decrease is recorded with a debit to the Cash account. At the same time, the account used to record salary expenses is credited: Salaries Expense. This will show that the business has an expense that has been incurred by paying its employees.

The Journal Entry to Record the Payment of Salaries for the Month