Multiple Choice
If at the end of the year the firm owes a balance for workers' compensation insurance, the adjusting entry includes a
A) a debit to Payroll Taxes Expense and a credit to cash.
B) debit to Workers' Compensation Insurance Payable 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 Workers' Compensation Refund Receivable and a credit to Workers' Compensation Insurance Expense.
Correct Answer:
Verified
Correct Answer:
Verified
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