Tryst,Inchas a Policy of Accruing $2,300 for Every Employee as a Vacation

question 185

Multiple Choice

Tryst,Inc.has a policy of accruing $2,300 for every employee as a vacation benefit.Sarah,an employee,took a vacation.Which of the following is the correct journal entry for the vacation benefit paid?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Vacation Benefits Payable } & 1,917 & \\
• \hline \text { Vacation Benefits Expense } & & 1,917 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Vacation Benefits Expense } & 2,300 & \\
• \hline \text { Cash } & & 2,300 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Vacation Benefits Payable } & 2,300 & \\
• \hline \text { Cash } & & 2,300 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Vacation Benefits Expense } & 1,917 & \\
• \hline \text { Vacation Benefits Payable } & & 1,917 \\
• \hline
• \end{array}\]

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