Possum Pty Ltd made this journal entry to accrue payroll for the week ended 28 February 2012: $\begin{array}{lr}&Dr. &Cr.\
&\$&\$\
\text { Office salaries expense } & 14500 \
\text { Sales salaries expense } & 5500\
\text { Taxation Office } && 3800 \
\text { Superannuation fund } && 1000 \
\text { Clerks union } && 200 \
\text { Salaries payable } && 15,000
\end{array}$ The cash payable to Possum Pty Ltd's employees for the week is:

Question

Quizplus · Accepted Answer

The journal entry debits Office salaries expense and Sales salaries expense for the total amount of salaries payable, which is $15,000. The cash payable to Possum Pty Ltd's employees for the week is therefore $15,000.

Possum Pty Ltd Made This Journal Entry to Accrue Payroll