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A business shows a balance in Salaries Payable of $40000 at the end of the month The next payroll amounting to $50000 is to be paid in the following month What will be the journal entry to record

A business shows a balance in Salaries Payable of $40,000 at the end of the month. The next payroll amounting to $50,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries?A) Dr Salaries Expense 50 000, Cr Cash 50 000B) Dr Salaries Expense 10 000, Dr Salaries Payable 40 000, Cr Cash 50 000C) Dr Salaries Expense 50 000, Cr Salaries Payable 50 000D) Cr Salaries Payable 50 000, Cr Cash 10 000

May 22 2020 View more View Less

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