At Oriole Company, employees are entitled to one day's vacation for each month worked. In January,...

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At Oriole Company, employees are entitled to one day's vacation for each month worked. In January, 65 employees worked the full month. Record the vacation pay liability for January, assuming the average daily pay for each employee is $125. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Vacation Benefits Expense Vacation Benefits Payable At Oriole Company, employees are entitled to one day's vacation for each month worked. In January, 65 employees worked the full month. Record the vacation pay liability for January, assuming the average daily pay for each employee is $125. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Vacation Benefits Expense Vacation Benefits Payable

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Answer the journal entry to record the vacation pay liability for Oriole Company in January ... View the full answer