Business
Business, 31.05.2020 00:01, michellestepp2001

A payroll register lists the total current period earnings as $40,500. It lists the
total withholdings and deductions as $10,540. When the payroll journal
entries are posted to the general ledger, how is the Cash account affected?

A. It is decreased by a $10,540 debit.

B. It is increased by a $51,040 debit.

C. It is decreased by a $29,960 credit.

D. It is increased by a $40,500 credit.
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Answers: 3

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A payroll register lists the total current period earnings as $40,500. It lists the
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