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4. (20 points) Kellogg has 800 employees who receive 10 days of vacation per year to be taken any time. At December 31. 2017 Human
4. (20 points) Kellogg has 800 employees who receive 10 days of vacation per year to be taken any time. At December 31. 2017 Human Resources confirmed that there were a total of 8,500 days of vacation used in 2017; and there were a total of 5,500 days of vacation unused. Employee pay rates were as follows. - 2017 2018 expected 800x1080000 $78 per day $80 per day a. Make the journal entry for the cash paid for the days used in 2017. b. The balance of vacation liability at January 1, 2017 was $468,000. Make the adjusting journal entry needed at December 31, 2017
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