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Evaluate the Journal Entry Below When the Company Pays the Health Insurance Premium to the 5,000

Question 53

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Evaluate the journal entry below:

Employee Benefits Expense5,000 Employee Health Insurance Payable5,000\begin{array}{lcc}\hline \text{Employee Benefits Expense} & 5,000 & \\\hline\text{ Employee Health Insurance Payable} & & 5,000 \\\hline\end{array}
When the company pays the health insurance premium to the provider, what journal entry occurs in the information system?

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