According to a Summary of the Payroll of Scotland Company

Multiple Choice

According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (4.2%) and federal
(0) 8%) unemployment taxes. The journal entry to record accrued salaries would include a

A) debit to Salaries Payable of $450,000
B) credit to Salaries Payable of $500,000
C) debit to Salaries Expense of $500,000
D) credit to Salaries Expense of $450,000