Steve is an employee of Panache, Inc Panache pays a portion of his health insurance premium and also contributes to a retirement plan in his name
The company's share of the health insurance premium is $600, and the company's contribution to the retirement plan is $860. The journal entry to record the employee benefits to be paid by the company should include a debit to Employee Health Insurance Payable for $1,460.
Indicate whether the statement is true or false
FALSE
Business
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