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Tryst Inc. has a policy of accruing $1,500 for every employee as a vacation benefit. Sarah, an employee, took a vacation. Which of the following

Tryst Inc. has a policy of accruing $1,500 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?

Vacation Benefit Payable 1,500
Cash 1,500
Vacation Benefit Expense 1,250
Vacation Benefit Payable 1,250
Vacation Benefit Payable 1,250
Vacation Benefit Expense 1,250
Vacation Benefit Expense 1,500
Cash 1,500

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