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Frellies Gym Has a Credit Balance of $31,485

Question 23

Multiple Choice

Frellies Gym has a credit balance of $31,485.27 in its Wages and Salaries Payable General Ledger account as of August 16. If the pay date is August 16, what transaction should appear in the Wages and Salaries Payable General Ledger account on that date?


A) Debit $31,485.27
B) Debit $62,970.54
C) Credit $31,485.27
D) Credit $62,970.54

Correct Answer:

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