JST Services employs 50 workers who are each paid $900 per week. JST allows each employee two
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Question:
JST Services employs 50 workers who are each paid $900 per week. JST allows each employee two weeks of paid vacation per year. In addition, the company allows each employee one week of paid sick leave per year. No employees used vacation days or sick leave in the first quarter. In April, a total of three weeks of vacation and one week of sick leave were used by various employees.
Required:
Prepare the journal entry to record JST's quarterly liability for compensated absences on March 31. (Ignore payroll taxes.)
Related Book For
Applied Statistics for Public and Nonprofit Administration
ISBN: 978-1285737232
9th edition
Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte
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