Two employees worked one week and were paid salaries of $2500. The journal entry would: debit Cash for $2500 and credit Salaries Payable for $2500. debit Cash for $2500 and credit Salary Expense for $2500. debit Accounts Payable for $2500 and credit Salary Payable for $2500. debit Salary Expense for $2500 and credit Cash for $2500.

Two employees worked one week and were paid salaries of $2500. The journal entry would: debit Cash for $2500 and credit Salaries Payable for $2500. debit Cash for $2500 and credit Salary Expense for $2500. debit Accounts Payable for $2500 and credit Salary Payable for $2500. debit Salary Expense for $2500 and credit Cash for $2500.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter8: Payroll Accounting: Employee Earnings And Deductions

Section: Chapter Questions

Problem 2CE

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