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Current Attempt in Progress Your answer is partially correct. Lily Corporation has 23 employees who each earn $124 a day. The following information is
Current Attempt in Progress Your answer is partially correct. Lily Corporation has 23 employees who each earn $124 a day. The following information is available. 1. At December 31, Lily recorded vacation benefits. Each employee earned 5 vacation days during the year. 2. In January, 17 employees used one vacation day each. Prepare Lily's journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Vacation Benefits Expense Vacation Benefits Payable 2. Warranty Expense Warranty Liability eTextbook and Media List of Accounte 2852 2852 2852
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