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Accounting question. Please answer in format shown 11-7 Finn Industries has nine employees. Each employee earns one vacation day a month. Finn pays its employees

Accounting question. Please answer in format shown 11-7 image text in transcribed
Finn Industries has nine employees. Each employee earns one vacation day a month. Finn pays its employees a weekly salary of $1.250 for a five-day workweek. 1. Determine the amount of vacation expense for one month. 2. Journalize the entry to accrue the vacation expense for the month. 1. Determine the amount of vacation expense for one month. Select the correct formula and calculate Finn Industries' vacation expense for one month. (Abbreviations used Ees = Employees: Mo = month, Wk = Week.)

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