For the month of September, Seawide Sales, Inc. recorded gross pay of $74,250. The net pay for the month amounted to $59,750. The salaries are paid on October 5. Which of the following is the journal entry for the payment of salaries? A. Salaries and Wages Expense 59750
Cash 59750
B. Salaries and Wages Payable 74250
Cash 74250
C. Salaries and Wages Payable 59750
Cash 59750
D. Salaries and Wages Expense 74250
Cash 74250

Salaries and Wages Payable 59750

Cash 59750

Explanation:

A journal is an accounting book where the transactions of a business are recorded.

From the question, we are given the information that for the month of September, Seawide Sales, Inc. recorded gross pay of $74,250 and that the net pay for the month amounted to $59,750 and that salaries are paid on October 5.

The information implies that cash will be paid as a credit entry and also that the salaries and payables will be created for $59,750 as a debit entry.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Ithink its opportunity cost but not sure hope it .