TB MC Qu. 09-138 (Algo) An employer agrees... An employer agrees to pay $15,300 for...
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TB MC Qu. 09-138 (Algo) An employer agrees... An employer agrees to pay $15,300 for medical insurance and contribute an additional 5% of the employees' $153,000 gross salaries to a retirement program. The entry to record these accrued benefits is Multiple Choice O Debit to Medical trouronce Payable $15,300 Debit to Employee Retirement Program Payable 57650 Credit to Employee Benefits Expense $15300 Debit to Medical Insurance Payable $15,300 Debit to Employee Retirement Program Payable $7650 Credit to Employee Benefits Expense 515,300 Debit to Payroll Taxes Expense $22.950, Debit to Employee Benefits Expense 522.950
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