1) Athena Company provides employee health insurance that costs $14,400 per month. In addition, the company contributes an amount equal to 4% of the employees' $144,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:

• Debit to Payroll Taxes Expense $20,160.

• Debit to Employee Benefits Expense $20,160.

• Debit to Employee Retirement Program Payable $5,760.

• Credit to Employee Benefits Expense $14,400.

• Debit to Medical Insurance Payable $14,400.