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What is the entry to recognize the payment of salary

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Reference no: EM132816040

Problem 1: Paulo Jake is the caretaker of the farm where the breeding stocks of Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development is located. The caretaker receives P10,000 monthly salary. What is the entry to recognize the payment of salary of the caretaker?

Option a. Salary and Wages 10,000

Cash in Bank-Local Currency, Current Account 10,000

Option b. Salaries and Wages-Casual/Contractual 10,000

Cash in Bank-Local Currency, Current Account 10,000

Option c. Salaries and Wages-Casual/Contractual 10,000

Cash-Modified Disbursement System, Regular 10,000

Option d. Salary and Wages 10,000

Cash-Modified Disbursement System, Regular 10,000 2

Reference no: EM132816040

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