Multiple Choice
The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is
A) debit Vacation Pay Expense; credit Vacation Pay Payable
B) debit Vacation Pay Payable; credit Vacation Pay Expense
C) debit Salary Expense; credit Cash
D) debit Salary Expense; credit Salaries Payable
Correct Answer:
Verified
Correct Answer:
Verified
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