Confused on Salaries Payable/Salaries Expense
Ok, I'm doing a comprehensive problem for my accounting class. For the first part, we're supposed to journalize and post the transactions. The only one I was confused on was this one:
July 20 Paid $1,600 for employee salaries.
In the journal, do I record it as this:
Date:
July 20
Acct. Title & Explanation:
Salaries Expense
Cash
(Paid Employee Salaries)
Debit:
1,600
Credit:
1,600
Or should Salaries Expense be changed to Salaries Payable? They give us a list of all the accounts to use and both Salaries Expense and Salaries Payable are one there, so I was confused on which one to use.