Tryst, Inc. has a policy of accruing $2,300 for every employee as a vacation benefit. Sarah, an employee, took a vacation. Which of the following is the correct journal entry for the vacation benefit paid?
A)
Vacation Benefits Payable 1,917
Vacation Benefits Expense 1,917
B)
Vacation Benefits Expense 2,300
Cash 2,300
C)
Vacation Benefits Payable 2,300
Cash 2,300
D)
Vacation Benefits Expense 1,917
Vacation Benefits Payable 1,917
C
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