Recognizing that Salaries and Wages Payable (resulting from adjustments at the end of the period)will be paid in a future period,what will be the effect on the accounts when the salaries and wages are paid?
A)Salaries and Wages Expense will increase and Cash will decrease.
B)Salaries and Wages Payable will decrease and Cash will decrease.
C)Salaries and Wages Expense will increase and Salaries and Wages Payable will decrease.
D)Salaries and Wages Expense will decrease and Cash will decrease.

Question

Quizplus · Accepted Answer

When the wages are paid in cash the following month,the company will decrease Salaries and Wages Payable (with a debit)and decrease Cash (with a credit).

Recognizing That Salaries and Wages Payable (Resulting from Adjustments at the End