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Sunset Company Has a Policy of Accruing $2300 for Every

Question 81

Multiple Choice

Sunset Company has a policy of accruing $2300 for every employee as a vacation benefit.Sarah,an employee,took a vacation.Which of the following is the correct journal entry for the vacation benefit paid?


A)  Vacation Benefits Payable 1917 Vacation Benefits Expense 1917\begin{array} { | c | l | l | } \hline \text { Vacation Benefits Payable } & 1917 & \\\hline \text { Vacation Benefits Expense } & & 1917 \\\hline\end{array}
B)  Vacation Benefits Expense 2300 Cash 2300\begin{array} { | c | l | l | } \hline \text { Vacation Benefits Expense } & 2300 & \\\hline \text { Cash } & & 2300 \\\hline\end{array}
C)  Vacation Benefits Payable 2300 Cash 2300\begin{array} { | c | l | l | } \hline \text { Vacation Benefits Payable } & 2300 & \\\hline \text { Cash } & & 2300 \\\hline\end{array}
D)  Vacation Benefits Expense 1917 Vacation Benefits Payable 1917\begin{array} { | c | l | l | } \hline \text { Vacation Benefits Expense } & 1917 & \\\hline \text { Vacation Benefits Payable } & & 1917 \\\hline\end{array}

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