The journal entry a company uses to record accrued (earned) vacation privileges for its employees at the end of the year is: Group of answer choices A. debit Vacation Pay Payable; credit Vacation Pay Expense B. debit Vacation Pay Expense; credit Vacation Pay Payable C. debit Salary Expense; credit Salaries Payble D. debit Salary Expense; credit Cash

The journal entry a company uses to record accrued (earned) vacation privileges for its employees at the end of the year is: Group of answer choices A. debit Vacation Pay Payable; credit Vacation Pay Expense B. debit Vacation Pay Expense; credit Vacation Pay Payable C. debit Salary Expense; credit Salaries Payble D. debit Salary Expense; credit Cash

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 5MC

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