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State Employees Earn $10 Million in Vacation Leave

Question 45

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State employees earn $10 million in vacation leave.$7 million is paid in the current year and the remaining amount is deferred to future years.Which of the following the accounts will be credited in the general fund entry and the government-wide entry? General FundGovernment-wide a  Cash  Cash & Accrued Vacation Pay  b  Cash & Accrued Vacation Pay  Cash  c  Cash  Cash  d  Cash  No Entry  e  No Entry  Cash \begin{array} { l l l }&\text {General Fund}&\text {Government-wide}\\\hline \text { a } & \text { Cash } & \text { Cash \& Accrued Vacation Pay } \\ \text { b } & \text { Cash \& Accrued Vacation Pay } & \text { Cash } \\ \text { c } & \text { Cash } & \text { Cash } \\ \text { d } & \text { Cash } & \text { No Entry } \\ \text { e } & \text { No Entry } & \text { Cash } \end{array}

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