Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:

-The journal entry to record the monthly payroll on September 30 would include a
A)debit to Salaries Expense for $24,000.
B)debit to Salaries Payable for $24,000.
C)credit to Salaries Payable for $24,000.
D)debit to Salaries Expense for $9,000.

Question

Use this information to answer the following question. The following totals for the month of September were taken from the payroll register of Meadors Company:
 
-The journal entry to record the monthly payroll on September 30 would include a
A)debit to Salaries Expense for $24,000. 
B)debit to Salaries Payable for $24,000. 
C)credit to Salaries Payable for $24,000. 
D)debit to Salaries Expense for $9,000.

Quizplus · Accepted Answer

The correct journal entry to record the monthly payroll includes a debit to Salaries Expense to recognize the expense incurred by the company for the salaries. This increases the expense account and decreases net income and equity.

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