A Company Shows a Balance in Salaries and Wages Payable $\begin{array}{llr} \text { Salaries and Wages Expense} &48,000\\ \text { Salaries and Wages Payable } &&48,000\\\end{array}$

Short Answer

A company shows a balance in Salaries and Wages Payable of $38,000 at the end of the month. The next payroll amounting to $48,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries? a.
$\begin{array}{llr} \text { Salaries and Wages Expense} &48,000\\ \text { Salaries and Wages Payable } &&48,000\\\end{array}$

b.
$\begin{array}{llr} \text { Salaries and Wages Expense} &48,000\\ \text { Cash} &&48,000\\\end{array}$

c.
$\begin{array}{llr} \text { Salaries and Wages Expense } &10,000\\ \text { Cash } &&10,000\\\end{array}$

d.
$\begin{array}{llr} \text { Salaries and Wages Expense } &10,000\\ \text { Salaries and Wages Payable} &38,000\\ \text { Cash} &&48,000\end{array}$