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McFriend Inc. records its liabilities for employees' vacations at the end of each month. MoFriend has 48 employees who are paid an average of $168

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McFriend Inc. records its liabilities for employees' vacations at the end of each month. MoFriend has 48 employees who are paid an average of $168 per diny. The company allows 15 paid vacation days per year. For the August 31 payroll, MeFriend pays its employees $100,000 for time worked and $20,000 for vacation taken. Required: Prepare the joumal entry to record McFriend's August 31 payroll. How does scadins work

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