adrian816 adrian816

05-06-2024
Business

Answered

A credit is used to decrease which of the following accounts?
Multiple Choice
О
Service Revenue.
О
Salaries Payable.
О
Cash.
Common Stock.

Answer :

GinnyAnswer GinnyAnswer

05-06-2024

Final answer:

A credit decreases the Salaries Payable account, reducing the company's liability for unpaid wages.

Explanation:

Salaries Payable is the account that is decreased by a credit. When a credit is used, it reduces the amount owed for salaries or wages earned by employees but not yet paid by the company.

For example, if a company accrues $1,000 in salaries but hasn't paid them yet, it would credit the Salaries Payable account to decrease the liability.

This accounting entry impacts the balance sheet by decreasing the amount of current liabilities.

Learn more about Accounting for Salaries Payable here:

https://brainly.com/question/28238827

Answer Link

Other Questions

Please describe characteristics of normal gingival tissue and how it is attached to supporting structures.

Central diabetes insipidous is caused by

Type the correct answer in the box. Express your answer to two significant figures.An industrial vat contains 650 grams of solid lead(II) chloride formed from a

Heisenberg's Uncertainty Principle states that the uncertainty in the position of a particle multiplied by the uncertainty in the momentum of a particle is at l

Find the focus and directrix of the following parabola:[tex]\[ (y-4)^2=16(x-6) \][/tex]Focus: [tex]\((\square, \square)\)[/tex]Directrix: [tex]\(x = \square\)[/

### BACKGROUNDThree teachers at Nyamatikiti High School bought two different kinds of fruits at the market.When they got to school, they could not remember the

Fertility figures, like those that we reviewed, are always female because women are the ones who give birth.A. TrueB. False

fill in the docs and save them then send them pretty please lol

an iv of d5w of 1500ml was ordered to infuse over 8 hours at a rate of 42gtt/min. the drop facor is 20gtt/ml. after 5 hours you notice that only 600ml has infus

Find the measure of the indicated angle that makes lines u and v parallel.

Please help I’m gonna fail if not I’ll give Brainlyest

The flower pills of a hydrangea plant Change color as the acidity of the soil changes the changes are directly related to which factor

The mass of 12 protons is approximately equal to (1) 1 atomic mass unit (2) 12 atomic mass units (3) the mass of 1 electron (4) the mass of 12 electrons

2. Why would some Jews not want the label of being a different "race"S T

Carrie places a 10-foot ladder against a wall. If the ladder makes an angle of 65° with the level ground, how far up the wall is the top of the ladder? Choose t

19 Select the correct answer from each drop-down menu. The purpose of the Potsdam Declaration was to prevent further aggression by Japan during World War II. Th

Find the areas of the sectors formed by angle DFE. Round your answers to the nearest hundredth. The area of the red sector is about _ square inches and the are

A store sells cans of paint for $5 each, and brushes for $10 each. If they sell 10 items, and make $60, how many cans and brushes did they sell?

8. What should you do if you believe a child has ingested a poisonous substance? A Call Poison Control for instructions B) Wait to see if the child becomes sick

nove' the c the li M Not ? 3. 2. 1. Name: Course/Year/Section. Instruction: Compare and contrast your favourite literary masterpiece to one of Rizal's works. Th