The following totals for the month of June were taken from the payroll register of Arcon Company:
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Salaries expense $14,000
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Social security and Medicare Taxes withheld 975
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Income Taxes withheld 2,600
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Retirement Savings 1,000
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The entry to record the payment of net pay would include a
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Credit to Salaries Payable for $9,425
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Debit to Salaries Payable for $14,000
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Debit to Salaries Payable for $9,425
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Credit to Salaries Expense for $9,425
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Answers
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Posted 11 Aug 2017 03:08 PM
My Price 6.00
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