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
B) Salaries Payable 19,000
C) Salaries Expense 13,200
Salaries Payable 13,200
D) Salaries Payable 13,200
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 ...
This solution shows the correct answer with explanation to the payroll journal entry question provided.