Grinnell Closets, Inc. employs $64$ employees earning an average of $$1,200$ per week. The company awards each

employee three weeks of vacation per year. Vacation days neither accumulate nor vest if not taken in the year

earned. During the current year, $55$ of Grinnell's employees took their $3$ full weeks while the other $9$ employees were

unable to take any vacation this year. Prepare the journal entry necessary to record Grinnell's vacation pay. $($Record

debits first, then credits. Exclude explanations from journal entries.$)$

Cash

Cost of Goods Sold

Liability for Compensated Absences

Prepaid Wage Expense

Vacation Wage Expense