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.
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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.
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
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