4.   A company has a liability for unpaid salaries and wages of $50,000. What would be the journal entry to record the payment of $25,000 of the liability?

Answer: The journal entry would be:

Accounts payable (liability) - $25,000

Cash (asset) - $25,000

Here's the tabulated working calculation for the journal entry to record the payment of $25,000 of the liability:

To record the payment of $25,000 of the liability for unpaid salaries and wages, we need to credit the accounts payable account for the amount paid, and debit the cash account for the amount paid. The journal entry would be:

Credit accounts payable (liability) for $25,000

Debit cash (asset) for $25,000

Therefore, the journal entry to record the payment of $25,000 of the liability would be:

Accounts payable (liability) - $25,000

Cash (asset) - $25,000