Art Parrish Is the Sole Employee of Parrish Sales

Multiple Choice

Art Parrish is the sole employee of Parrish Sales.His company pays a portion of his health insurance premium,and also contributes to a retirement plan in his name.The company share of the health insurance premium is $400,and the company contribution to the retirement plan is $550.The third journal entry in the payroll cycle to record the employee benefits to be paid by the company should include which of the following?

A) Debit Employee benefits payable
B) Credit Health insurance expense
C) Credit Retirement plan expense
D) Credit Employee benefits payable