A company uses a special bank account to pay its payroll. If total gross pay for a

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A company uses a special bank account to pay its payroll. If total gross pay for a pay period was \($3,500\) and total net pay for the same period was \($2,750,\) the journal entry to pay the payroll will include a

a. credit to Cash for \($3,500.\)

b. credit to Cash—Payroll Bank Account for \($3,500.\)

c. debit to Cash—Payroll Bank Account for \($2,750\) and a credit to Cash for \($2,750.\)

d. credit to Cash—Payroll Bank Account for \($2,750.\)

e. debit to Wage Expense for \($2,750\) and a credit to Cash for \($2,750.\)


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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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