PhD doctorate only
November 23, 2020
MN507-5: Discuss the role of health policy and organizational structure on quality, assignment help
November 23, 2020

accounting 149

Arena Company provides health insurance to its employees that costs $16,000 per month. In addition, the company contributes 4% of the employees’ $160,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a: Debit to Employee Benefits Expense $22,400. Debit to Medical Insurance Payable $16,000. Credit to Employee Benefits Expense $16,000. Debit to Employee Retirement Program Payable $6,400. Credit to Employee Benefits Expense $22,400.


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