journal entry
salaries and wages incurred but not yet paid or recorded,
$3
Journal entries to record salaries and wages expenses incurred but not yet paid.
Account Titles and Explanation |
Debit |
Credit |
Salaries and Wages Expenses A/c |
$3.00 |
|
To Salaries and Wages Payable A/c |
$3.00 |
|
(Salaries and Wages Expenses Incurred for the month but not yet paid ) |
||
Salaries and Wages Payable A/c |
$3.00 |
|
To Cash or Bank A/c |
$3.00 |
|
(Journal Entry to be recorded at the time of Payment of salaries and wages payable of $3.00) |
||
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