Exercise $13-4($Algo$)$ Paid future absences $[$LO$13-3]$

JWS Transport Company's employees earn vacation time at the rate of $1$ hour per $40-$hour work period. The vacation pay vests immediately $($that is$,$ an employee is entitled to the pay even if employment terminates$).$ During $2024,$ total salaries paid to employees equaled $\backslash (\backslash$$ $413,000\backslash ),$ including $\backslash (\backslash$$ $5,000\backslash )$ for vacations actually taken in $2024$ but not including vacations related to $2024$ that will be taken in $2025.$ All vacations earned before $2024$ were taken before January $1,2024.$ No accrual entries have been made for the vacations. No overtime premium and no bonuses were paid during the period.

Required:

Prepare the appropriate adjusting entry for vacations earned but not taken in $2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the adjusting entry for vacations earned but not taken in $2024.$

Note: Enter debits before credits.