During Year 1 (the first year of the company’s existence),

During Year 1 (the first year of the company€™s existence), employees of the company earned vacation days as follows:

During Year 1 (the first year of the company€™s existence),

(1) Make the journal entry necessary at the end of Year 1 to record the unused vacation days earned during the year and
(2) Make the journal entry necessary in Year 2 to record the use of all of these vacation days. Assume that all employees received a
10% pay raise in Year2.

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