Solved

The Journal Entry to Record Salaries Earned by 10 Employees

Question 3

Multiple Choice

The journal entry to record salaries earned by 10 employees will:


A) debit Salary Expense and credit Salary Payable for the net pay.
B) debit Salary Expense and credit Salary Payable for the gross pay.
C) debit Salary Expense for the gross pay,credit FICA Tax Payable,credit Employee Income Tax Payable and credit Salary Payable for the net pay.
D) debit Salary Expense for the net pay,debit FICA Tax Payable,debit Employee Income Tax Payable,and credit Salary Payable for the gross pay.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents