Multiple Choice
Zennia Company provides its employees with varying amount of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation cost is $135,000. The journal entry to record the adjusting entry required on December 31, the end of the current year, to record the current month's accrued vacation pay is
A) $135,000
B) $67,500
C) $0
D) $11,250
Correct Answer:
Verified
Correct Answer:
Verified
Q24: Payroll taxes levied against employees become liabilities<br>A)
Q25: The journal entry a company uses to
Q26: Ecco Company sold $150,000 of kitchen appliances
Q27: Prior to the last weekly payroll period
Q28: Internal controls for cash payments also apply
Q32: The payroll summary for December 31 for
Q33: A business issued a 120-day, 6% note
Q34: Assuming a 360-day year, the interest charged
Q93: Most employers are levied a tax on
Q170: Payroll taxes are based on the employee's