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Leya [2.2K]
3 years ago
10

A journal entry includes a debit to Salaries and Wages Expense of $5,000; a debit to Salaries and Wages Payable of $3,000; and a

credit to Cash for $8,000. Which explains this entry?
Business
1 answer:
riadik2000 [5.3K]3 years ago
4 0

Answer: The entry is a reflection cash payment of $8000 which is a reduction of liabilites of $3000 on salaries payable and an expense of $5000 incurred on salaries.

Explanation: The transaction coud be a typical scenario of a payment for salaries previously due provided for while also paying for the presently incurred salaries expense.

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