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Accrued Vacation Pay

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solution


Question

Accrued Vacation Pay;Accrued Vacation Pay;A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation pay is $42,000.;a) Journalize the adjusting entry required on January 31, the end of the first month of the current year, to record the accrued vacation pay.

 

Paper#29354 | Written in 18-Jul-2015

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