Question

On January 9, a company pays $5,910 for salaries and wages of which $2,870 was reported as Salaries and Wages Payable on December 31. Give the entry to record the payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answer 1

Answer: Please find answer in explanation column

Step-by-step explanation:

Journal entry to record payment of Salaries and wages

Dates Account title Debit Credit

Jan 9 Salaries and Wages Payable $2,870

Salaries and Wages Expenses $3,040

Cash $5,910

Calculation

Salaries and wages Expense = Cash -Salaries and Wages Payable

= $5,910- $2,870=$3,040