Payroll Journal Entry
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
https://brainmass.com/business/journal-entries/payroll-journal-entry-561824
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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 ...
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This solution shows the correct answer with explanation to the payroll journal entry question provided.
$2.19