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Employees vacations semiannually

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McFriend, Inc., records its liabilities for employees vacations semiannually. As of January 1, McFriend, Inc., has 50 employees (25 in administration and 25 in sales) who are paid an average of $176 per day. The company allows 15 paid vacation days per year. Prepare the journal entry for July 1.

Reference no: EM13872009

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