Saraya Inc. provides its employees two weeks of paid vacation per year. As of December 31, 65 employees have earned two weeks of vacation time to be taken the

following year. If the average weekly salary for these employees is 950, what is the required journal entry at the end of the year?

O A Debit Salaries and Wages Payable for 123,000 and credit Salaries and Wages Expense for 123,000

O B. Debit Salaries and Wages Expense for 123,500 and credit Salaries and Wages Payable for 123,500

D c. No entry is required

O D. Debit Salaries and Wages Expense for 61,750 and credit Salaries and Wages Payable for 61,750