Athena Company's salaried employees earn two weeks of vacation per year. It pays $863,200 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 $664; credit Vacation Benefits Payable $664.
B. Debit Vacation Benefits Expense $16,600; credit Vacation Benefits Payable $16,600.
C. Debit Vacation Benefits Expense $17,264; credit Vacation Benefits Payable $17,264.
D. Debit Vacation Benefits Payable $16,600; credit Vacation Benefits Expense $16,600.
E. Debit Vacation Benefits Expense $17,979; credit Vacation Benefits Payable $17,979.
Answer: A
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