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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.)

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tutorAnne

Answer: Please find answer in explanation column

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

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