Accrued vacation pay, Accrued Vacation Pay

Accrued vacation pay

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Reference no: EM13527998

Accrued Vacation Pay
A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation pay is $42,000.

a. Journalize the adjusting entry required on January 31, the end of the first month of the current year, to record the accrued vacation pay.

Reference no: EM13527998

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Accrued vacation pay : Accrued Vacation Pay

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