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ckstock Company has a weekdy payroll of $18,375 and grants two weeks' vacation after one year's employment, which amounts to 4% of nual pay, Based

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ckstock Company has a weekdy payroll of $18,375 and grants two weeks' vacation after one year's employment, which amounts to 4% of nual pay, Based on past turnover rates. the employer estimates that 80 percent of employees actually will be granted vacation time. Prepa eneral journal entry to record the eutimated vacation pay resulting from the weekly payroil

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