If at the End of the Year the Firm Owes

Multiple Choice

If at the end of the year the firm owes a balance for workers' compensation insurance,the adjusting entry includes a

A) debit to Workers' Compensation Insurance Payable a credit to Workers' Compensation Insurance Expense.
B) a debit to Workers' Compensation Refund Receivable and a credit to Workers' Compensation Insurance Expense.
C) a debit to Workers' Compensation Insurance Expense and a credit to Workers' Compensation Insurance Payable.
D) a debit to Payroll Taxes Expense and a credit to cash.