Also, prepare the adjusting entry as of December 31 to record the accrued vacation pay as of the end of the year. Record the expense in a vacation ben- efits expense account, and credit the appropriate liability account. Use the journal paper provided.
As of December 31, the vacation time earned but not used by each em- ployee is listed here.

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Bonno... Ferguson. Ford.. Mann.. 80 hours three weeks two weeks one week four weeks O'Neill. Ryan.. Sokowski 80 hours two weeks 72 hours Student... Woods .. none Young... Zimmerman. none none JOURNAL POST. DATE DESCRIPTION DEBIT CREDIT REF.