Blackstock Company has a weekly payroll of $18,375 and grants two weeks' vacation after one year's employment , which amounts to 4% of annual pay. Based on past turnover rates , the employer estimates that 80 percent of employees actually will be granted vacation time. please Prepare general journal entry to record the estimated vacation pay resulting from the weekly payroll.

Please use the following for the general ledger

date

account title and explanation

debit

credit

Thank you