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G points SM Question 2 On January 1, 2019, Pop Corporation agreed to grant its employees two weeks' vacation each year, with the stipulation that

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G points SM Question 2 On January 1, 2019, Pop Corporation agreed to grant its employees two weeks' vacation each year, with the stipulation that vacations eamed each year can be taken the following year for the year ended December 31, 2019, Pop's employees each earned an average of 5700 per week. One hundred vacation works turned in 2019 were not taken during 2019 Suppose that, by the time vocations actually are taken in 2020, wage rates for employees have risen by an average of 6 percent from their 2019 level. Also, assume wages earned in 2020 (including vacations eamed and taken in 2020) were $300,000 a. Prepare the appropriato adjusting entry for vacations earned but not taken in 2019 b. Prepare a journal entry that summarizes 2020 wages and the payment for 2019 vacations taken in 2020 Prepare the journal entries in the proper format and use whole numbers. You may also want to explain your calculations In the warness AT10 PCO ALTEN.F10 ML

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