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 journal entry to record the monthly payroll on September 30 would include a
A)debit to Salaries Expense for $24,000.
B)debit to Salaries Payable for $24,000.
C)credit to Salaries Payable for $24,000.
D)debit to Salaries Expense for $9,000.

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 journal entry to record the monthly payroll on September 30 would include a
A)debit to Salaries Expense for $24,000. 
B)debit to Salaries Payable for $24,000. 
C)credit to Salaries Payable for $24,000. 
D)debit to Salaries Expense for $9,000.

Quizplus · Accepted Answer

The journal entry to record the monthly payroll on September 30 would include a debit to Salaries Expense for the total amount of $24,000, which is the sum of the salaries of all employees for the month of September. The option of debiting Salaries Payable (B) is incorrect because salaries have already been earned and therefore, are an expense to the company. The option of crediting Salaries Payable (C) is also incorrect because this account represents a liability that will be paid in the future, so a credit entry would increase the outstanding balance. The option of debiting Salaries Expense for $9,000 (D) is also incorrect because it does not represent the total amount of salaries paid for the month of September.

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