Question: McFriend Inc records its liabilities for employees vacations semiannually As

McFriend, Inc., records its liabilities for employees’ vacations semiannually. As of January 1, McFriend, Inc., has 50 employees (25 in administration and 25 in sales) who are paid an average of $176 per day. The company allows 15 paid vacation days per year. Prepare the journal entry for July 1.



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  • CreatedDecember 09, 2013
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