Respuesta :
e. Debit Vacation Benefits Expense $10,200 credit Vacation Benefits Payable $10,200 is the necessary year-end adjusting entry to record accrued vacation benefits.
A typical fringe perk provided to employees during a time when they are not required to work The company should identify this cost/expense and responsibility when the employee is earning it, for example, if an employee earns one week of paid vacation to be taken after working a full year. Debit Vacation Pay Expense and credit Vacation Pay Payable is one possible journal entry. The employer would deduct Vacation Pay Payable and credit Cash later, when the employee had used the vacation time.
To know more about Vacation Benefits visit:-
https://brainly.com/question/13948849#
#SPJ4
Correct question:
Athens Company's salaried employees earn two weeks of vacation per year. The company estimated and must expense $10,200 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
a. Debit Vocation Benefits Payable $10.200; credit Vacation Benefits Expense $10,200.
b. Debit Vacation Benefits Expense $20,760; credit Vacation Benefits Payable $20,760.
c. Debit Vacation Benefits Expense $20,100; credit Vacation Benefits Payable $20,100.
d. Debit Vacation Benefits Payable $20,100; credit Vacation Benefits Expense $20,100.
e. Debit Vacation Benefits Expense $10,200; credit Vacation Benefits Payable $10,200.
