One of the Employees of the Hill Company Earns One

Multiple Choice

One of the employees of the Hill Company earns one month of vacation per year.The employee's annual salary is $132,000.The employee is paid monthly.How would the company record the monthly vacation expense?

A) Debit Vacation Benefits Expense for $1,000 and credit Vacation Benefits Payable for $1,000.
B) Debit Vacation Benefits Payable for $1,000 and credit Vacation Benefits Expense for $1,000.
C) Debit Salary Expense for $12,000,credit Salaries Payable for $11,000,and credit Vacation Benefits Payable for $1,000.
D) Debit Vacation Benefits Expense for $1,000 and credit Cash for $1,000.
E) Debit Vacation Benefits Payable for $1,000 and credit Cash for $1,000.