A Saraya Inc. provides its employees two weeks of paid vacation per year. As of December 31, 65 employees have earned two weeks of vacation time to be taken the following year. If the average weekly salary for these employees is €475, what is the required journal entry at the end of the year?
OA Debit Salaries and Wages Expense for €61,750 and credit Salaries and Wages Payable for €61,750
OB Debit Salaries and Wages Expense for €123,500 and credit Salaries and Wages Payable for €123,500
OC Debit Salaries and Wages Payable for €123,000 and credit Salaries and Wages Expense for €123,000
OD No entry is required
