contestada

Athena Company's salaried employees earn two weeks of vacation per year. It pays $858,000 in total employee salaries for 52 weeks but its employees work only 50. Record Athena Company's weekly journal entry to record the vacation expense:a. Debit Vacation Benefits Expense $16.500: credit Vacation Benefits Payable $16,500 b. Debit Vacation Benefits Expense $17,160, credit Vacation Benefits Payable $17,160c. Debit Vacation Benefits Expense $17.875: credit Vacation Benefits Payable $17,875 d. None of the above

Respuesta :

TomShelby

Answer:

a. Debit Vacation Benefits Expense $16.500: credit Vacation Benefits Payable $16,500

Explanation:

858,000 wages per year / 52 weeks per year = 16,500 per week

The weekly wages for our employees are 16,500 dollars

For each of the two weeks of vacations we will do an adjusting entry by this amount.

Otras preguntas

Q&A Education