Blake,Inc.pays its employees once a month and records the expense at the time of payment.On September 30,Blake paid its employees $12,210 for work performed in September.The entry to record the payment includes a:
A)credit to Salaries and Wages Expense for $12,210.
B)credit to Cash for $12,210.
C)debit to Cash for $12,210.
D)credit to Salaries and Wages Payable for $12,210.

Question

Quizplus · Accepted Answer

The entry includes a debit to Salaries and Wages Expense (to decrease this stockholders' equity account)and a credit to Cash (to decrease this asset account)for $12,210.

Blake,IncPays Its Employees Once a Month and Records the Expense