Apple inc. allows each employee to earn 15 fully paid vacation days each year. unused vacation time can be carried over to next year, if no taken during the next year then its lost. vacation pay is accrued at the pay rate in effect during the year it is earned.

by the end of 20X8, all but 3 of 20 employees had taken their earned vacation time, these 3 employees carried over to 20X9 a total of 20 vacation days. these 20 days represented total 20X8 salary of $5000. during 20X9, these 3 employees used their 20X8 vacation carryover in 20X9, a pay rate change was effective January 1 20X9 - Total cash wages paid (not including vacation pay). In 20X8 $1 490 000, 20X9 its 20X9 $1 564 500. by the end of 20X9 all 2 employees had taken all vacation entitlement.

required:

1) prepare journal entries for apple inc relating to vacations during 20X8 and 20X9. disregard payroll taxes

2) compute total amount of wage expense for 20X8 and 20X9 (inclusive of vacation)

3) how would the vacation time carried over from 20X8 affect the 20X8 statement of financial position