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Kcchiefs88
Nov 30, 2008, 10:38 AM
How would I post this transaction.......Camo Co issued check# 3412, payable to payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.

pready
Dec 5, 2008, 04:49 AM
Debit Payroll Cash for 8,470
Credit Cash for 8,470

Debit Sales Salaries Expense for 5,320
Debit Office Salaries Expense for 3,150
Credit Payroll Cash for 8,470