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Author Question: When a single-check for payroll is prepared and deposited into a special payroll bank account, which ... (Read 28 times)

jace

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  • Posts: 541
on: Jul 5, 2018
When a single-check for payroll is prepared and deposited into a special payroll bank account, which of the following entries is made to record the deposit?
 a. debit Wages and Salaries Expense; credit Cash
   b. debit Payroll Cash; credit Cash
   c. debit Cash; credit Payroll Expense
   d. debit Cash; credit Wages and Salaries Expense

Question 2

Preventive controls include ________.
 
  A) having the company's accountant review the accounting records and make corrections each month
  B) limiting access to assets
  C) bank reconciliations (comparing the company's accounting records for cash to its bank statement)
  D) counting the money in the cash register and comparing it with the total sales entered in the register


enass

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

B


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