Determine the amount of vacation expense for one month

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Reference no: EM131819774

Question: Journalizing vacation benefits Roy Industries has four employees. Each employee earns one vacation day a month. Roy pays its employees a weekly salary of $2,000 for a five-day workweek. Requirements

1. Determine the amount of vacation expense for one month.

2. Journalize the entry to accrue the vacation expense for the month.

Reference no: EM131819774

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