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What is the journal entry for recording the vacation payment

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Reference no: EM133013049

Question - Kudos Co. gives each of its 50 employees 10 days of vacation a year if they are employed at the end of the year. You can assume they were all employed continuously through 2020 and 2021. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2020, they made $22 per hour and in 2021 they made $25 per hour. During 2021, they took an average of 8 days of vacation each. What is the journal entry for recording the vacation payment?

Reference no: EM133013049

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