McFriend Inc. records its liabilities for employees' vacations at the end of each month. McFriend has 48 employees who are paid an average of $168 per day. The company allows 15 paid vacation days per yoar. For the August 31 payroll, McFtiend 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 Prepare the joumal entry to record McFriend's August 31 payroll