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Question 11 of 26 -/1 View Policies Current Attempt in Progress Metlock Turbines shows a...

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Accounting

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Question 11 of 26 -/1 View Policies Current Attempt in Progress Metlock Turbines shows a balance in Salaries Payable of $80000 at the end of the month. The next payroll amounting to $120000 is to be paid in the following month. What will be the journal entry to record the payment of salaries? 120000 Salaries Expense Salaries Payable 120000 80000 Salaries Expense Cash 80000 Salaries Expense 40000 Cash 40000 40000 Salaries Expense Salaries Payable 80000 Cash 120000 Save for Later Attempts: 0 of 1 used Submit

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