An example of payroll accounting would include a debit to the salary expense account and a debit to the payroll checking account. What is the double entry for payroll? Each payroll transaction requires a double-entry, which involves a debit to one or more accounts and an equal credit to ...
Debit the salary expense account for the total amount of the payroll. For example, if the total payroll for the period equals $43,000, debit "Salary Expense" for $43,000. Credit the federal income tax and state income tax payable accounts for the total amount withheld from employee ...
The salary paid to the assistant is anexpense, and this amounts to $4,000. Expenses take place (or increase) on thedebit sideof our accounting equation (left), because it is the opposite of income and means less profit (2) and less owner’s equity (3) (i.e. less share for the ...
When we make provision for Salary, Entry is 1) Salary A/C (Indirect Expense) Provision for Salary (Current Liability)2) When we charge Salary to Provision. Provision for Salary A/C Dr To Salary Was this answer useful? Yes ReplySubrata Feb 2nd, 2018 Provision for depreciation as like ...
payable for or attributable to any period beginning on or after 1 January 2005, is to be further adjusted in accordance with or by reference to the percentage pay adjustment as set out in column 3 of Schedule4oppositetherelevant salary band listed in column 1 of Part 1 or 2 of that Sched...
Salary expense (debit) $24,000 Salary payable (credit) $24,000 The Accounting Cycle Analyze business transactions. Journalize the transactions. Put in proper T – accounts (done by computer). Prepare a trial balance. Journalize and post adjusting entries--prepayments and accruals. ...
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asalary and allowance breakdown 薪金和容限故障[translate] aX-ray photoelectron spectroscopy (XPS), temperatureprogrammed reduction (TPR), and BET surface area. X-射线光电子分光学 (XPS), temperatureprogrammed减少 (TPR)和赌注表面。[translate]
The journal entry to record salaries earned by 10 employees will:A.debit Salary Expense and credit Salary Payable for the net pay.B.debit Salary Expense and credit Salary Payable for the gross pay.C.debit Salary Expense for the gross pay, credit FICA Tax
3、mulated Depreciation 110Intangible Assets,2.Liabilities 201 Accounts Payable 202 Notes Payable 203 Salaries Payable 204 Unearned Revenue 3.Owners Equity 301 Paid-in Capital 302 Retained Earnings 303 Withdrawals,Income Statement,4.Revenue 401 Sales Revenue 402 Interest Revenue,5.Expense 501 Salary Ex...