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Complete this question by entering your answers in the tabs below. Prepare the appropriate adjusting entry for vacations earned but not taken in 2024. Note:

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Complete this question by entering your answers in the tabs below. Prepare the appropriate adjusting entry for vacations earned but not taken in 2024. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first, account field Journal entry worksheet Record the adjusting entry for vacations eamed bus not taken in 2024 , Complete this question by entering your answers in the tabs below. Suppoise thit, by the time vacations actually are taken in 2025, solary rates for employes have risen by an average of 6 percent from ther 2024 level. Also, assume salaries earned in 2025 (induding vacations eamed and taken in 2025 ) were $34 million. Prepare a journal entry that summarizes 2025 salaries and the paymert for 2024 vacations talono in 2025. Noter Enter your answers in whole dollars. If no entery is required for a unansaction/events' sefect 'No journal entry requintd" in the firpt account field. Journal entry worksheet Record the entry for the payment of 2025 salaries and the porment for 2024 vacations taken in 2025. (Note: Do not includs amounts for vacation days: eamed in 2025). On January 1, 2024. Poplar Fabricators Corporation agreed to grant its employees two weeks of vacation each year, with the stipulation that vacations eamed each year can be taken the following year. For the year ended December 31, 2024, Poplar Fabricators' employees each earned an average of $850 per week. Nine hundred vacation weeks eamed in 2024 were not taken during 2024. Required: 1. Prepare the approprlate adjusting entry for vacations eamed but not taken in 2024. 2 Suppose that, by the time vacations actually are taken in 2025. salary rates for employees have risen by an average of 6 percent from their 2024 level. Also, assume salarles eamed in 2025 yncluding vacations eamed and taken in 2025 ) were $34 milition. Prepare a journal entry that summarizes 2025 salaries and the payment for 2024 vacations taken in 2025. Complete this question by entering your answers in the tabs below. Prepare the appropriate adjusting entry for vacations eamed but not taken in 2024. Note: If no entry is required for a transactioc/event select No joumal entry required in the first account field. Journal entry worksheet Record the adjusting entry for vacations earned but not caken in 2024

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