Athena Company provides employee health insurance that costs $16,000 per month. In addition, the company contributes an amount equal to 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.

Explanation:

The entry for recording the accrued benefits for a given month which involved is shown below:

= Cost of the health insurance + contributed amount

= $16,000 + $160,000 × 4%

= $16,000 + $6,400

= $22,400

The same is to be debited to the employees benefit expense i.e. $22,400

hence, the same is to be considered

answer; im thinking the correct answer is (7years);