Art Parrish Is the Sole Employee of Parrish Sales

question 78

Multiple Choice

Art Parrish is the sole employee of Parrish Sales.His company pays a portion of his health insurance premium,and also contributes to a retirement plan in his name.The company share of the health insurance premium is $400,and the company contribution to the retirement plan is $550.The third journal entry in the payroll cycle to record the employee benefits to be paid by the company should include which of the following?

• A) Debit Employee benefits payable
• B) Credit Health insurance expense
• C) Credit Retirement plan expense
• D) Credit Employee benefits payable

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Definitions:

Immune System

A biological system consisting of specific cells and proteins that defend the body against infection, disease, and foreign substances.

Stress

A physical, mental, or emotional factor that causes bodily or mental tension and may be a factor in disease causation; a state of mental or emotional strain resulting from adverse or demanding circumstances.

Illness

A state of being in poor health, typically due to disease, infection, or other medical conditions affecting the body or mind.

Helper T-Cells

A type of white blood cell crucial for the immune system's response, supporting the activity of other immune cells in combating pathogens.