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TB MC Qu. 11-139 Athens Company's salaried... Athens Company's salaried employees earn two weeks of vacation per year. The company estimated and must expense
TB MC Qu. 11-139 Athens Company's salaried... Athens Company's salaried employees earn two weeks of vacation per year. The company estimated and must expense $10,000 of accrued vacation benefits for the year. Which of the following is the necessary year-end adjusting entry to record accrued vacation benefits? Multiple Choice Debit Vacation Benefits Expense $19,900, credit Vacation Benefits Payable $19,900 Debit Vacation Benefits Expense $10,000, credit Vacation Benefits Payable $10,000 Debit Vacation Benefits Expense $20,560; credit Vacation Benefits Payable $20.560
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