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Boise Co Pays Its Employees Twice a Month on the 7th

Question 61

Multiple Choice

Boise Co. pays its employees twice a month on the 7th and the 21st. On June 21 Boise Co. paid employee salaries of $6000. This transaction would


A) increase owner's equity by $6000.
B) decrease the balance in Salaries and Wages Expense by $6000.
C) decrease net income for the month by $6000.
D) be recorded by a $6000 debit to Salaries and Wages Payable and a $6000 credit to Salaries and Wages Expense.

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