Question

journal entry salaries and wages incurred but not yet paid or recorded, $3

journal entry
salaries and wages incurred but not yet paid or recorded, $3

Homework Answers

Answer #1

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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