Question: Chapter 11 Chapter A ACCTG 111 Exercise 11-12 Accounting for estimated liabilities LO P4 Listed below are a few tramactions and events of Masum Company

Chapter 11 Chapter A ACCTG 111

Exercise 11-12 Accounting for estimated liabilities LO P4 Listed below are a few tramactions and events of Masum Company vacation pay at a rae of one day er month During December, 29 employees quality for one vacation day each verage dally wage is 5.260 per employer 2. Duing December Maum Company sold 4,000 units of a product that cms a 60day ananty Decesa or l$122.000. The be $18 company espects 5% of ny necessary adusting eies at December 31,201 for Maxum Company's year end Sani for ech of th ournal entry worksheet At Cr Homework A Exerceses (algol Exercise 11-12 Accounting for estimated liabilities LO P4 1. Employees ean vacation pay at a rate of one day per month Durng Decente,29employes for o vacation day ach total $122,000 The company e Prepare any necessary adjusting entries at December 31 2017, for Man Conpany's yeawend anclnts fo each ofee above and evernts Journal entry worksheet

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