A credit is used to record an increase in all of the following accounts except: A. Service Revenue B. Accounts Payable C. Wages Expenses D. Common Stock E. Unearned Revenue For the Service Revenue account, what is the effect of a debit ...
Do loans payable go on operating cash flow in accounting? What are accrued fees earned in accounting? Where does paying wages go the balance sheet in accounting? If you credit salaries payable, what do you debit in accounting? What is operating interest expense in accounting? What are noncash...
Therefore, when making a journal entry, you would debit $3,780 in your wages expense section and credit the same amount in your salaries payable section. Assuming the existing amount in the debit section of the wages expense account is $0, you would add the $3,780 to it. And the ending...
The Salary Batch process posts the debit and credit entries to the respective accounts. You can opt to execute the Salary Batch Process:Only for the current system date For the holidays that fall between the current system date and the next working day. ...
Once an unpaid salary is cleared through a payment to the workers, accountants record a credit entry to thecash and cash equivalentsaccount and a debit entry to the accrued salaries account. If a company has paid all salaries, it does not owe money to its workers, and its balance sheet do...
Answer and Explanation:1 Become a Study.com member to unlock this answer!Create your account View this answer The correct option is(D) expense journal. Payment of salaries would be considered as an expense of an organization due ...