Total wages employees earned for the payroll period are called take home is the O A....

   

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Total wages employees earned for the payroll period are called take home is the O A. gross pay; net pay O B. net pay; taxes withheld amount OC. gross pay; withholding amount OD. net pay; gross pay www The amount of wages the employees Wisconsin Bank lends Local Furniture Company $180,000 on November 1. Local Furniture Company signs a $180,000, 12%, 4-month note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is: O A. debit Interest Payable and credit Interest Expense for $3,600 O B. debit Interest Expense and credit Interest Payable for $3,600 O C. debit Interest Expense and credit Cash for $3,600 O D. debit Interest Payable and credit Cash for $3,600 The journal entry to record a semiannual interest payment on a bond payable issued at par: O A. debits Cash and credits Interest Payable. B. debits Interest Expense and credits Cash. O C. debits Interest Expense and credits Bonds Payable. D. debits Cash and credits Interest Expense. Total wages employees earned for the payroll period are called take home is the O A. gross pay; net pay O B. net pay; taxes withheld amount OC. gross pay; withholding amount OD. net pay; gross pay www The amount of wages the employees Wisconsin Bank lends Local Furniture Company $180,000 on November 1. Local Furniture Company signs a $180,000, 12%, 4-month note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is: O A. debit Interest Payable and credit Interest Expense for $3,600 O B. debit Interest Expense and credit Interest Payable for $3,600 O C. debit Interest Expense and credit Cash for $3,600 O D. debit Interest Payable and credit Cash for $3,600 The journal entry to record a semiannual interest payment on a bond payable issued at par: O A. debits Cash and credits Interest Payable. B. debits Interest Expense and credits Cash. O C. debits Interest Expense and credits Bonds Payable. D. debits Cash and credits Interest Expense.

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