Question: Roy Industries has eight employees Each employee earns two vacation

Roy Industries has eight employees. Each employee earns two vacation days a month. Roy pays each employee a weekly salary of $ 1,000 for a five-day workweek.
Requirements
1. Determine the amount of vacation expense for one month.
2. Journalize the entry to accrue the vacation expense for the month.

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  • CreatedJune 15, 2015
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