A company shows a balance in Salaries and Wages Payable of $28,000 at the end of...

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A company shows a balance in Salaries and Wages Payable of $28,000 at the end of the month. The next payroll amounting to $38,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries? 38,000 a. Dr Salaries and Wages Expense Cr Salaries and Wages Payable. b. Dr Salaries and Wages Expense... Cr Cash. c. Dr Salaries and Wages Expense. Cr Cash d. Dr Salaries and Wages Expense. Dr Salaries and Wages Payable. Cr Cash...... 38,000 10,000 10,000 28,000 38,000 38,000 10,000 38,000 A company shows a balance in Salaries and Wages Payable of $28,000 at the end of the month. The next payroll amounting to $38,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries? 38,000 a. Dr Salaries and Wages Expense Cr Salaries and Wages Payable. b. Dr Salaries and Wages Expense... Cr Cash. c. Dr Salaries and Wages Expense. Cr Cash d. Dr Salaries and Wages Expense. Dr Salaries and Wages Payable. Cr Cash...... 38,000 10,000 10,000 28,000 38,000 38,000 10,000 38,000

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The detailed answer for the above question is provided below Answer Option d Dr Salaries and Wage... View the full answer