Multiple Choice
The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense
$14,000
Social security and Medicare taxes withheld
1,050
Income taxes withheld
2,600
Retirement savings
1,000
The entry to record the payment of net pay would include a
A) debit to salaries payable for $14,000
B) debit to salaries payable for $9,350
C) credit to salaries expense for $9,350
D) credit to salaries payable for $9,350
Correct Answer:
Verified
Correct Answer:
Verified
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