Ch. 13 Test 8. < value 10.00 points Exercise 13-4 Paid future absences [LO13-3] JWS Transport Company's employees eam vacation time at the rate of 1 hour per 30-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates). During 2016, total wages paid to employees equaled $423,000, including $6,000 for vacations actually taken in 2016 but not including vacations related to 2016 that will be taken in 2017. All vacations earned before 2016 were taken before January 1, 2016. No accrual entries have been made for the vacations. No overtime premium and no bonuses were paid during the period. Required: Prepare the appropriate adjusting entry for vacations eamed but not taken in 2016 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record vacations earned but not taken in 2016. Note: Enter debits before credits Event 1 TOSHIBA esc tab General Journal Debit Credit 72 #3 C $ 64 25