The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $14,580.00 Social security and Medicare taxes withheld 1,093.50 Income taxes withheld 330.00 Retirement savings 496.00 The entry to record the payment of net pay would include a a.debit to Salaries Payable for $14,580.00. b.credit to Salaries Expense for $12,660.50. c.credit to Salaries Payable for $12,660.50. d.debit to Salaries Payable for $12,660.50.

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section13.1: Recording A Payroll
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The following totals for the month of June were taken from the payroll register of Arcon Company:

Salaries expense $14,580.00
Social security and Medicare taxes withheld 1,093.50
Income taxes withheld 330.00
Retirement savings 496.00

The entry to record the payment of net pay would include a

a.debit to Salaries Payable for $14,580.00.
b.credit to Salaries Expense for $12,660.50.
c.credit to Salaries Payable for $12,660.50.
d.debit to Salaries Payable for $12,660.50. 
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