journal entries

On Jarvsary 1, 2019. Pop Corporation agreed to grant its employoes two weeks vacation each year, with the stipulation that vacationis eamed each year can be taken the following your For the year ended December 31, 2019, Pop's employees each earned an average of $850 per wook Filly vacation works earned in 2015 were not taken during 2019 Suppose that by the time vacations actually are taken in 2020, wage rates for employees have risen by an average of 8 percent from their 2019 lovel. Also, assume wages eamed in 2020 (including vacations eamed and taken in 2020) were $160,000 a. Prepare the appropriate adjusting entry for vacations cared but not taken in 2019 b. Prepare a journal entry thal summarizes 2020 wages and the payment for 2019 vacations taken in 2020, Prepare the journal entres in the proper format and use whole numbers You may also want to explain your calculations