Papi's Make Your Own Pizza Corp. began operations on January 1, 2017. The company employs 9...
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Papi's "Make Your Own Pizza" Corp. began operations on January 1, 2017. The company employs 9 individuals who work 8-hour days and are paid hourly as follows: Actual hourly wage rate 2017: 2018: $15 per hour $18 per hour Each employee earns 10 paid vacation days at the end of every year worked. Vacation days may be taken after January 15 of the year following the year in which they are earned. Papi's accrues compensated absences at the compensation rate in place when they are earned, but payment for vacation days used is based on employees wage rates at the time the vacation days are used. Assuming employees used 7 vacation days during January of 2018, how much, if any, should be debited to Salaries and Wages Payable? Assume a single payment for used vacation days takes place on 2/1/18. Exclude any decimals or commas in your answer. 150 Attempt #1: 1/1 (Score: 0/1) Papi's "Make Your Own Pizza" Corp. began operations on January 1, 2017. The company employs 9 individuals who work 8-hour days and are paid hourly as follows: Actual hourly wage rate 2017: 2018: $15 per hour $18 per hour Each employee earns 10 paid vacation days at the end of every year worked. Vacation days may be taken after January 15 of the year following the year in which they are earned. Papi's accrues compensated absences at the compensation rate in place when they are earned, but payment for vacation days used is based on employees wage rates at the time the vacation days are used. Assuming employees used 7 vacation days during January of 2018, how much, if any, should be debited to Salaries and Wages Payable? Assume a single payment for used vacation days takes place on 2/1/18. Exclude any decimals or commas in your answer. 150 Attempt #1: 1/1 (Score: 0/1)
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