Payroll Journal Entry
Not what you're looking for?
Maggie Moo's Ice Cream Shop had a gross pay of $19,000 and a net pay of $13,200 for the latest payroll. The journal entry to pay the payroll would be:
A) Salaries Expense 13,200
Cash 13,200
B) Salaries Payable 19,000
Cash 19,000
C) Salaries Expense 13,200
Salaries Payable 13,200
D) Salaries Payable 13,200
Cash 13,200
Purchase this Solution
Solution Summary
This solution shows the correct answer with explanation to the payroll journal entry question provided.
Solution Preview
The key element in this question is the word "pay." We need to know the journal entry to "pay" the payroll, and not to record the ...
Purchase this Solution
Free BrainMass Quizzes
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Introduction to Finance
This quiz test introductory finance topics.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.