Question

Daniel Dino Restaurants owes workers' salaries of $15,000. This would be recorded as: A. Debit salaries expense, credit cash. B. Debit salaries payable, credit cash. C. Debit salaries expense, credit salaries payable. D. Debit salaries payable, credit wages expense.

Name: daniel dino restaurants owes workers salaries of 15000 this would be recorded as a debit salaries expense credit cash b debit salaries payable credit cash c debit salaries expense credit sal 15833
Uploaded: 2022-10-13T01:59:48-08:00
Duration: 1 min 31 s
Channel: Brooke Bussoletti
Description: daniel dino restaurants owes workers salaries of 15000 this would be recorded as a debit salaries expense credit cash b debit salaries payable credit cash c debit salaries expense credit sal 15833

          Daniel Dino Restaurants owes workers' salaries of $15,000. This would be recorded as: 
A. Debit salaries expense, credit cash.
B. Debit salaries payable, credit cash.
C. Debit salaries expense, credit salaries payable.
D. Debit salaries payable, credit wages expense.

Added by Eric L.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Brooke Bussoletti

10/13/2022

Step 1

Daniel Dino Restaurants owes workers' salaries of $15,000, meaning the company has incurred a salary expense but has not yet paid it. This creates a liability called "salaries payable." Show more…

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Daniel Dino Restaurants owes workers' salaries of $15,000. This would be recorded as: A. Debit salaries expense, credit cash. B. Debit salaries payable, credit cash. C. Debit salaries expense, credit salaries payable. D. Debit salaries payable, credit wages expense.