Rhapsody Red Restaurant shows a balance in Salaries Payable of $20,000 at the end of the month.The next payroll amounting to $30,000 is to be paid in the following month.What will be the journal entry to record the payment of salaries?
A) Salaries Expanse........................... 30,000
Salaries Payable................................ 30,000
B) Salaries Expense........................... 30,000
Cash ............................................ 30,000
C) Salaries Expense......................... 20,000
Cash............................................. 20,000
C. Salaries Expanse........................ 10,000
Salaries Payable....................... 20,000
Cash.......................................... 30,000
Correct Answer:
Verified
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