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 entry to record the payment of net payroll would include a
A)debit to Salaries Payable for $24,000.
B)debit to Salaries Payable for $15,900.
C)debit to Salaries Payable for $17,000.
D)credit to Cash for $18,100.

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 entry to record the payment of net payroll would include a
A)debit to Salaries Payable for $24,000. 
B)debit to Salaries Payable for $15,900. 
C)debit to Salaries Payable for $17,000. 
D)credit to Cash for $18,100.

Quizplus · Accepted Answer

The entry to record the payment of net payroll includes a debit to Salaries Payable for the total amount of gross pay ($24,000), and a credit to Cash for the net pay amount ($17,000). Therefore, the correct choice is C, which represents the debit to Salaries Payable for $17,000, the amount after deducting the federal income tax, social security, and Medicare from the gross pay.

Use This Information to Answer the Following Question