Arena Company Provides Health Insurance to Its Employees That Costs

Arena Company provides health insurance to its employees that costs $15,000 per month. In addition, the company contributes 5% of the employees' $150,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:

A) Debit to Medical Insurance Payable $15,000.
B) Debit to Employee Retirement Program Payable $7,500.
C) Debit to Employee Benefits Expense $22,500.
D) Credit to Employee Benefits Expense $15,000.
E) Credit to Employee Benefits Expense $22,500.