5. Mountain Time gives its 30 employees one day per month of paid vacation time. The company estimates the average daily wage for an employee is $200. Prepare the journal entry as of the calendar year-end to record the vacation pay expens a daily journal entry to record the vacation pay expense for the 2015 fiscal year ending on March 31. e. 24. RPC Helpers has 250 employees that earn on average salary of $275. The company gives each employee fifteen vacation days per year. Prepare the 6. Pet Supply Co. provides a defined contribution pension plan for all employees. The company promises to contribute 7.5% of gross earnings to the pension. During the month of March, employees earned gross earnings of $450,750. Prepare the journal entry to record the expense. 7. Bed Threads Inc. provides a defined contribution pension plan for all employees. The company agrees to contribute 11% of monthly gross earnings to the pension. For the month of May, Bed Threads Inc. records a journal entry that credits Salaries Payable for $14,900. Deductions for the month's salaries totaled $675. Prepare the journal entry to record the expense. 8. Tammy's Sites provides a defined contribution pension plan for all employees. The company promises to contribute 10% of monthly gross salaries to the pension. During the month of September, employees received $225,700, after withholdings. Withholdings and deductions totaled $10,200 for the month. Prepare the journal entry to record the expense