Abby co. allows each employee two weeks of paid time off during each calendar year. since employees are working for 50 weeks, rather than 52 weeks, abby must accrue the paid time off during the 50 weeks that the employees work. this accrual is recorded under the account.

vacation benefits payable

Explanation:

Based on the information provided within the question it can be said that this accrual is recorded under the vacation benefits payable account. This is a general ledger account that contains within it the amount of money that the company is responsible for paying the employees for their vacation time that they have earned during the work year, but have not yet used. Such as is the case with the 50 weeks of paid time that the employees have worked at Abby Co.