The following totals for the month of June were taken from the payroll register of Arcon Company: The entry to record the payment of net pay would include a
A) debit to Salaries Payable for $14,000
B) Debit to Salaries Payable for $9,350
C) Credit to Salaries Expense for $9,350
D) Credit to Salaries Payable for $9,350

Question

The following totals for the month of June were taken from the payroll register of Arcon Company:  The entry to record the payment of net pay would include a
A) debit to Salaries Payable for $14,000 
B) Debit to Salaries Payable for $9,350 
C) Credit to Salaries Expense for $9,350 
D) Credit to Salaries Payable for $9,350

Quizplus · Accepted Answer

The entry to record the payment of net pay would include a credit to Salaries Payable for the total amount of $9,350, which represents the amount that is owed to the employees for the work they have done during the month of June. The debit side of the entry would include various accounts, such as Cash (for the amount paid out to the employees), Taxes Payable (for the amount of taxes owed by the company), and other deductions such as Social Security and Medicare. However, the amount of the debit side of the entry is not given in the question, so the best choice is D, which represents the credit to Salaries Payable.

The Following Totals for the Month of June Were Taken