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Teva Co. has current period employee salary expense of $2,000. Employee withholdings total $850. To accrue the current period payroll, Salaries Payable will be (debited/credited) __________ in the amount of ___________.

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In Teva Co.'s ledger, the Salaries Payable will be credited for the current salary expense in the amount of $1,150.

Withholding Payable will also be credited with $850, while the Salary Expense account is debited with $2,000.

Data Analysis:

Salary Expense $2,000 Withholding $850 Salaries Payable $1,150

Thus, the Salaries Payable to the employees for the current period are $1,150.

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