Evaluate the journal entry below:

$\begin{array}{lcc}
\hline \text{Employee Benefits Expense} & 5,000 & \
\hline\text{ Employee Health Insurance Payable} & & 5,000 \
\hline
\end{array}$
When the company pays the health insurance premium to the provider, what journal entry occurs in the information system?

Question

Evaluate the journal entry below:
 
$\begin{array}{lcc}
\hline \text{Employee Benefits Expense} & 5,000 & \
\hline\text{ Employee Health Insurance Payable} & & 5,000 \
\hline
\end{array}$
When the company pays the health insurance premium to the provider, what journal entry occurs in the information system?

Quizplus · Accepted Answer

The Answer of Evaluate the journal entry below:
 
$\begin{array}{lcc}
\hline \text{Employee Benefits Expense} & 5,000 & \
\hline\text{ Employee Health Insurance Payable} & & 5,000 \
\hline
\end{array}$
When the company pays the health insurance premium to the provider, what journal entry occurs in the information system?

Evaluate the Journal Entry Below When the Company Pays the Health Insurance Premium to the 5,000