A business provides its employees with varying amounts of vacation per year, depending on the length of
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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 $54,960. Journalize the adjusting entry required on January 31, the end of the first month of the current year, to record the accrued vacation pay.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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