When journalizing the employees' pay accrual, the _____ is/are the debit(s), and the _____ is one of the credits.

Question

Quizplus · Accepted Answer

When journalizing the employees' pay accrual, the gross pay is debited because it represents the total expense incurred by the employer for employee services. The net pay is credited among other accounts (like payroll tax liabilities) because it represents the amount payable to employees after deductions.

When Journalizing the Employees' Pay Accrual, the _____ Is/are the Debit(s)