Business, 23.11.2019 00:31 NetherisIsTheQueen

Parton company provides its employees with varying amounts of vacation per year, depending on the length of employment. the estimated amount of the current year's vacation cost is $196,800. the journal entry to record the adjusting entry required on december 31 to record the current month's accrued vacation pay will include a
a. credit to vacation pay expense for $196,800.
b. debit to vacation pay expense for $16,400.
c. credit to vacation pay expense for $16,400.
d. debit to vacation pay payable for $196,800.

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