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Sunset, Inc. has a policy of accruing $ 2 comma 400$2,400 for every employee as a vacation benefit. Sarah, an employee, took a vacation. Which
Sunset, Inc. has a policy of accruing
$ 2 comma 400$2,400
for every employee as a vacation benefit. Sarah, an employee, took a vacation. Which of the following is the correct journal entry for the vacation benefit paid?
A.
Vacation Benefits Payable | 2 comma 4002,400 | |
Cash | 2 comma 4002,400 |
B.
Vacation Benefits Expense | 2 comma 0002,000 | |
Vacation Benefits Payable | 2 comma 0002,000 |
C.
Vacation Benefits Payable | 2 comma 0002,000 | |
Vacation Benefits Expense | 2 comma 0002,000 |
D.
Vacation Benefits Expense | 2 comma 4002,400 | |
Cash | 2 comma 4002,400 |
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