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Bank 'N' Roll,Inc

Question 23

Multiple Choice

Bank 'n' Roll,Inc.pays its employees once a month and records the expense at the time of payment.On May 31,Bank 'n' Roll,Inc.paid its employees $10,000 for work performed in May.The entry to record the payment includes a:


A) credit to Salaries and Wages Expense for $10,000.
B) credit to Cash for $10,000.
C) debit to Cash for $10,000.
D) credit to Salaries and Wages Payable for $10,000.

Correct Answer:

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