State University, a Public University, Has a Policy of Granting

question 9

Multiple Choice

State University, a public university, has a policy of granting faculty members a one-year paid sabbatical leave after a period of seven years continuous employment.The leave is for further study, research or public service.A particular faculty member earns $90,000 per year.Assuming that the college maintains its books and records in a manner that facilitates the preparation of the fund financial statements and assuming that any appropriate accruals have been made, what is the appropriate entry to record the employee's salary paid while on sabbatical leave?

• A)Debit Expenditures $90,000; Credit Cash $90,000.
• B)Debit Expenses $90,000; Credit Cash $90,000.
• C)Debit Sabbatical leave payable $90,000; Credit Cash $90,000.
• D)No entry required.

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Definitions:

Ginkgo Tree

A unique species of tree, Ginkgo biloba, known for its fan-shaped leaves and status as a living fossil, having no close living relatives.

Ephedra

A genus of plants used in traditional medicine and for weight loss, known for its stimulant properties due to the presence of ephedrine.

Leaves Called Needles

Thin, cylindrical, and often evergreen leaves found in some coniferous plants.

Conifers

Conifers are a group of cone-bearing seed plants, predominantly evergreen, that include pines, spruces, and firs, known for their adaptability to various climates and their importance in ecosystems and timber industry.