At Tagaci Company employees are entitled to one days vacation for each month worked. In January, 80

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At Tagaci Company employees are entitled to one day’s vacation for each month worked. In January, 80 employees worked the full month. Record the vacation pay liability for January assuming the average daily pay for each employee is $120.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Sep 13, 2011 08:37 AM

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At Tagaci Company employees are entitled to one days vacation for each month worked. In January, 80

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