Parton 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 $196,800. The journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a
a. credit to Vacation Pay Expense for $196,800.
b. debit to Vacation Pay Expense for $16,400.
c. credit to Vacation Pay Expense for $16,400.
d. debit to Vacation Pay Payable for $196,800.
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