For the month of September, Seawide Sales, Inc. recorded gross pay of $74,250. The net pay for the month amounted to $59,750. The salaries are paid on October 5. Which of the following is the journal entry for the payment of salaries?
A. Salaries and Wages Expense 59750
Cash 59750
B. Salaries and Wages Payable 74250
Cash 74250
C. Salaries and Wages Payable 59750
Cash 59750
D. Salaries and Wages Expense 74250
Cash 74250
Answers: 3
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For the month of September, Seawide Sales, Inc. recorded gross pay of $74,250. The net pay for the m...
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