Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:

-The entry to record the payment of net payroll would include a
A)debit to Salaries Payable for $24,000.
B)debit to Salaries Payable for $15,900.
C)debit to Salaries Payable for $17,000.
D)credit to Cash for $18,100.

Question

Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:

-The entry to record the payment of net payroll would include a
A)debit to Salaries Payable for $24,000. 
B)debit to Salaries Payable for $15,900. 
C)debit to Salaries Payable for $17,000. 
D)credit to Cash for $18,100.

Quizplus · Accepted Answer

The entry to record the payment of net payroll would include a debit to Salaries Payable for the total amount of net pay earned by employees, which is $17,000 in this case. The credit would be made to Cash for the amount actually paid to employees, which is $16,800 ($18,100 - $1,300). Therefore, option C is the correct choice as it includes the correct debit amount for Salaries Payable.

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