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State University, a public university, has a policy of granting faculty members a one-year paid sabbatical leave after a period of seven years continuous employment.

State University, a public university, has a policy of granting faculty members a one-year paid sabbatical leave after a period of seven years continuous employment. The leave is for further study, research or public service. A particular faculty member earns $70,000 per year. Assuming that the college maintains its books and records in a manner that facilitates the preparation of the fund financial statements and assuming that any appropriate accruals have been made, what is the appropriate entry to record the employee s salary paid while on sabbatical leave?

Debit Expenditures $70,000; Credit Cash $70,000.

Debit Expenses $70,000; Credit Cash $70,000.

Debit Sabbatical Leave Payable $70,000; Credit Cash $70,000.

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