Athena Company’s salaried employees earn two weeks of vacationper year. It pays $868,400 in total employee salaries for 52 weeksbut its employees work only 50. Record Athena Company’s weeklyjournal entry to record the vacation expense:
Debit Vacation Benefits Expense $16,700; credit VacationBenefits Payable $16,700.
Debit Vacation Benefits Payable $668; credit Vacation BenefitsExpense $668.
Debit Vacation Benefits Expense $668; credit Vacation BenefitsPayable $668.
Debit Vacation Benefits Expense $18,083; credit VacationBenefits Payable $18,083.
Debit Vacation Benefits Payable $16,700; credit VacationBenefits Expense $16,700.
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