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  3. fa company has no salaries and wages payable on it

fa company has no Salaries and Wages Payable on its balance sheet, then one may...

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Accounting

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fa company has no Salaries and Wages Payable on its balance sheet, then one may conclude that Multiple Choice no salaries and wages are owed for the current period. there are salaries and wages to be paid in next period. the salaries and wages were paid in advance. Salaries and Wages Expense was greater than the cash paid for wages during the period. During January, services totaling $1,500 were performed on account for a customer. The company collected that $1,500 from the customer in March. The journal entry to record the receipt of cash from the customer is recorded with a debit to: Multiple Choice Cash and a credit to Revenue. Purchases and a credit Cash. Cash and a credit to Accounts Receivable. Cash and a cred it to Accounts Payable

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