Accounting for bonus and vacation pay LO 5 Sharon Williams, a factory worker, earns $ 1 ,000
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Accounting for bonus and vacation pay LO5 Sharon Williams, a factory worker, earns $ 1 ,000 each week. In addition, she will receive a $4,000 bonus at year-end and a four-week paid vacation.
Prepare the entry to record the weekly payroll and the costs and liabilities related to the bonus and the vacation pay, assuming that Williams is the only employee.
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