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Question 2 of 10
A payroll register lists the total current period earnings as $23,400. It lists the total withholdings and deductions as $6,350. What does the journal entry to record payroll expenses list as the debits and credits for Salaries and Wages Expense and Salaries and Wages Payable?

A.
​Salaries and Wages Expense: $23,400 credit; Salaries and Wages Payable: $17,050 debit

B.
​Salaries and Wages Expense: $23,400 debit; Salaries and Wages Payable: $6,350 credit

C.
Salaries and Wages Expense: $23,400 debit; Salaries and Wages Payable: $17,050 credit

D.
​Salaries and Wages Expense: $23,400 credit; Salaries and Wages Payable: $6,350 debit

Respuesta :

The journal entry to record payroll expenses is ​Salaries and Wages Expense: $23,400 debit; Salaries and Wages Payable: $6,350 credit.

What is the journal entry?

In order to record the salaries and wages, the journal entry is to debit the Salaries and Wages Expense account. This is because money is leaving the company account.

The total deductions represent future payments. Thus it would be credited to the Salaries and Wages Payable account.

To learn more about payroll accounting, please check: https://brainly.com/question/24127660

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