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Use This Information to Answer the Following Question The Journal Entry to Record the Monthly Payroll on November

Question 72

Multiple Choice

Use this information to answer the following question. The following totals for the month of November were taken from the payroll register of Levine Company:
Salaries expense $12,000 Social security and Medicare taxes withheld 550 Income taxes withheld2,500 Medical insurance deductions 250 Life insurance deductions200 Salaries subiect to federal and state unemployment taxes of 6.2 percent 4,000\begin{array}{llr} \text {Salaries expense } &\$12,000\\ \text { Social security and Medicare taxes withheld } &550\\ \text { Income taxes withheld} &2,500\\ \text { Medical insurance deductions } &250\\ \text { Life insurance deductions} &200\\ \text { Salaries subiect to federal and state unemployment taxes of 6.2 percent } &4,000\\\end{array}
The journal entry to record the monthly payroll on November 30 would include a


A) debit to Salaries Expense for $12,000.
B) debit to Salaries Payable for $12,000.
C) credit to Salaries Payable for $12,000.
D) debit to Salaries Expense for $8,500.

Correct Answer:

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