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JWS Transport Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an
JWS Transport Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates). During 2024, total salaries paid to employees equaled $404,000, including $4,000 for vacations taken in 2024. At December 31, 2023 JWS had accrued $1,000 for vacation earned but not taken. No accrual entries have been made during 2024 for the vacations earned, and no accrual was necessary for salaries payable at either the end of 2023 or the end of 2024. No overtime premium and no bonuses were paid during the period. G H Data giv Vacation
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