Of a Company's Employees,75 Percent Typically Qualify to Receive Two $\begin{array}{llr} \text { Estimated Liability for Vacation Pay } &144 \\ \text { Cash } &&144\\\end{array}$

Multiple Choice

Of a company's employees,75 percent typically qualify to receive two weeks' paid vacation out of 50 working weeks per year.The entry to record the amount of estimated liability for vacation pay for a week in which the total payroll is $9,600 :

A)
$\begin{array}{llr} \text { Estimated Liability for Vacation Pay } &144 \\ \text { Cash } &&144\\\end{array}$

B)
$\begin{array}{l}\text { Vacation Pay Expense } &288\\\text { Estimated Liability for Vacation Pay }&&288\end{array}$

C)
$\begin{array}{l}\text { Vacation Pay Expense }&7,200 \\\text { Cash }&&7,200\end{array}$
D)
$\begin{array}{llr} \text {Cash } &256\\ \text { Estimated Liability for Vacation Pay } &&256\\\end{array}$