The structure of the payroll entry to record the payroll is

Question

Quizplus · Accepted Answer

The correct structure for recording payroll involves debiting Wages Expense to recognize the expense incurred by the company for the wages. Then, credit each employee deduction (for taxes, benefits, etc.) to reduce the net amount paid to employees, and credit Salaries Payable (or Wages Payable) for the net amount due to employees. This entry accurately reflects the expense incurred and the liabilities created by the payroll process.

The Structure of the Payroll Entry to Record the Payroll