Daniel Dino Restaurant owes workers' salaries of $15,000. This would be recorded as:

Question

Quizplus · Accepted Answer

When Daniel Dino Restaurant owes workers' salaries of $15,000, it is a liability for the restaurant that needs to be recorded in the books. Salaries Expense is an expense account that is used to record the salaries paid by the company during a particular period. On the other hand, Salaries Payable is a liability account used to record the amounts owed to employees for their work. Since the company owes its workers $15,000 in salaries, this should be recorded as a debit to Salaries Expense and a credit to Salaries Payable. Therefore, the correct option is C.

Daniel Dino Restaurant Owes Workers' Salaries of $15,000