Zennia Company Provides Its Employees with Varying Amounts of Vacation

Zennia 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 $135,000.The journal entry to record the adjusting entry required on December 31,the end of the current year,to record the current month's accrued vacation pay is

A) $135,000
B) $67,500
C) $0
D) $11,250

Correct Answer:

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