McFriend Inc. records its liabilities for employees vacations at the end of each month. McFriend has 50 employees who are paid an average of $160 per day. The company allows 20 paid vacation days per year. For the August 31 payroll, McFriend pays its employees $190,000 for time worked and $15,000 for vacation taken.

Required:

Prepare the journal entry to record McFriends August 31 payroll.