Question: A business provides its employees with varying amounts of vacation per year

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 $165,120. 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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  • CreatedNovember 08, 2012
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