At December 31, Zacharias Corp reports Salaries Payable of $25,000 on its statement of financial position. The next payroll amounting to $40,000 is to be paid in January. What will be the journal entry to record the payment of salaries in January?

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The Answer of At December 31, Zacharias Corp reports Salaries Payable of $25,000 on its statement of financial position. The next payroll amounting to $40,000 is to be paid in January. What will be the journal entry to record the payment of salaries in January?

At December 31, Zacharias Corp Reports Salaries Payable of $25,000