E connect ACCT 2301: Fai 207 ACCT 2301 ONLINE Hugo Rivas NTING L EXAM part 2 Que

Question

E connect ACCT 2301: Fai 207 ACCT 2301 ONLINE Hugo Rivas NTING L EXAM part 2 Question 8 (of 20) Save & Exit Subm Time remaining: 03322 John Smith works 40 hours for ABC Corp for $15 per hour Required payrol deductions are: Social Security $37 3720, Medicare $8.70. Federal income tax $58, and State income tax $10. The to record his net pay would couse which of the following to change as described? O Selaries and Wages Expense increases by $600 O Salaries and Wages Expense decresses by $600 Selaries and Wages Payable increases by $600 O Selaries and Wages Payable decreeses by $600 O Type here to search 452 AM 12/12/2017

Explanation / Answer

Answer is first option Salaries and wages expenses increases by $600. Salary and wages expense involves gross pay Gross pay=40*15=$600

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