Use the Following Information for Questions

Multiple Choice

Use the following information for questions.
Silver Ltd.has 35 employees who work 8-hour days and are paid hourly.On January 1, 2017, the company began a program of granting its employees 10 days paid vacation each year.Vacation days earned in 2017 may be taken starting on January 1, 2018.Information relative to these employees is as follows: Silver has chosen to accrue the liability for compensated absences (vacation pay) at the current rates of pay in effect when the vacation pay is earned.
-What is the amount of the Vacation Wages Payable that should be reported at December 31, 2019?

A) $39,900
B) $45,360
C) $47,460
D) $47,880