Question
33 2.5 pts Ash-Gary Safari has 15,000 employees. Each employee earns three weeks of paid vacation per year. Vacation time not taken in the year
33 2.5 pts Ash-Gary Safari has 15,000 employees. Each employee earns three weeks of paid vacation per year. Vacation time not taken in the year earned can be carried over to subsequent years. During 2021, 3,000 employees took three weeks' vacation, 4,000 employees took two weeks' vacation, 5,000 employees took one week's vacation, and the rest did not take any weeks' vacation. Assuming that compensation averaged $1000 a week per employee in 2021. Assuming a 10% increase in the compensation rate in 2022, which of the following is true regarding the 2022 journal entry when year 2021 vacations are actually taken in 2022? Debit Salaries Expense by $23,000,000. Credit Liability - Compensated Future Absences by $2,300,000. Debit Liability - Compensated Future Absences by $23,000,000. Credit Salaries Expense by $2,300,000
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