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Chavez Company's salaried employees eam four weeks' vacation per yeat. Chavez estimated and must expense 58,800 of acerued vacation benefits for the year. (a) Prepare

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Chavez Company's salaried employees eam four weeks' vacation per yeat. Chavez estimated and must expense 58,800 of acerued vacation benefits for the year. (a) Prepare the December 31 year-end adjusting entry for accrued vacation benefits. (b) Prepare the entry on April 1 of the next year when an employee takes a one-week vacation and is paid $430 eash for that week. Journal entry worksheet Journal entry worksheet Record the vacation benefits accrued. Note: Enter debits before credits. Journal entry worksheet

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