Multiple Choice
Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15,2014.Payment occurs on January 20.
-The entry on January 20 would be a debit to
A) Salaries Payable and a credit to Cash.
B) Salaries Payable and a credit to Salaries Expense.
C) Salaries Expense and a credit to Cash.
D) Salaries Expense and a credit to Salaries Payable.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: A contingent liability should be entered into
Q12: Reynaldo Company has current assets of $115,000
Q13: Which of the following taxes is not
Q14: A contingent liability is recorded in the
Q15: In a deferred payment arrangement,interest is charged
Q17: The classification of a liability as current
Q18: For notes payable whose interest is stated
Q19: The term salaries refers to the compensation
Q20: All factors in a present value of
Q21: Common examples of commitments are leases and