The following totals for the month of June were taken from the payroll register of Arcon Company:

The entry to record the payment of net pay would include a
A)debit to Salaries Payable for $14,000
B)Debit to Salaries Payable for $9,350
C)Credit to Salaries Expense for $9,350
D)Credit to Salaries Payable for $9,350

Question

The following totals for the month of June were taken from the payroll register of Arcon Company:

The entry to record the payment of net pay would include a
A)debit to Salaries Payable for $14,000 
B)Debit to Salaries Payable for $9,350 
C)Credit to Salaries Expense for $9,350 
D)Credit to Salaries Payable for $9,350

Quizplus · Accepted Answer

The entry to record the payment of net pay would include a credit to Salaries Payable for the total amount of $9,350. This is because Salaries Payable represents the amount of money owed to employees for work performed but not yet paid. When employees receive their pay, Salaries Payable is decreased by the amount paid. The other options are incorrect because Salaries Payable should be credited, not debited, and Salaries Expense should not be involved in the entry since it represents the total amount of money owed to employees, not the amount actually paid.

The Following Totals for the Month of June Were Taken