Wages and Salaries Payable would be used to record:
A) gross earnings of the employees paid.
B) net earnings of the employees not paid.
C) straight-time pay only.
D) the paid portion of the earnings.

Question

Quizplus · Accepted Answer

Wages and Salaries Payable is a liability account used to record the net earnings of employees that have been earned but not yet paid. It does not record gross earnings, straight-time pay only, or the portion of earnings that has already been paid.

Wages and Salaries Payable Would Be Used to Record