Instructions McFriend Inc records its liabilities for employees vacations at the end of each month McFriend had 50 employees who are paid an average of $176 per day The company allows 15 paid vacation days per year. For the August 31 payrol, McFriend pays its employees $120,000 for time worked and $10,000 for vacation taken Required: Prepare the journal entry to record McFriends August 31 payroll PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 2 3