Chavez Co.s salaried employees earn four weeks vacation per year. It pays $156,000 in total employee salaries

Question:

Chavez Co.’s salaried employees earn four weeks’ vacation per year. It pays $156,000 in total employee salaries for 52 weeks but its employees work only 48 weeks. This means Chavez’s total weekly expense is $3,250 ($156,000/48 weeks) instead of the $3,000 cash paid weekly to the employees ($156,000/52 weeks). Record Chavez’s weekly vacation benefits expense.