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A Company Shows a Balance in Salaries and Wages Payable

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A company shows a balance in Salaries and Wages Payable of $50,000 at the end of the month.The next payroll amounting to $75,000 is to be paid in the following month.What will be the journal entry to record the payment of salaries? A company shows a balance in Salaries and Wages Payable of $50,000 at the end of the month.The next payroll amounting to $75,000 is to be paid in the following month.What will be the journal entry to record the payment of salaries?

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