The Bergan Corp. has gross pay for March of $50,000. The journal entry in the payroll cycle to record salary expense would include a debit to Salaries and Wages Payable for $50,000.

Name: The Bergan Corp. has gross pay for March of $50,000. The journal entry in the payroll cycle to record salary expense would include a debit to Salaries and Wages Payable for $50,000.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The journal entry to record salary expense would include a credit to Salaries and Wages Payable for $50,000, not a debit.