oerasighment s&takeAssignmentSessionLocator assignment-take&inprogress-false eBook Calculator Print Item Instructions Vacation Benefits Payable Instructions Example 6-10 The employees of Carr Company are entitled to one day's vacation for each month worked. The average daily pay for each of the 50 $130. The adjusting entry to record the vacation expense of $6,500 ($130 x 50) at the end of each month is: Vacation Benefits Expense 6,500.00 Vacation Benefits Payable 6,500.00 At the end of June, Morton Company had a balance of $49,900 in the vacation benefits payable account. During July, employees earned an additional $3,110 in vacation benefits, but some employees used vacation days that amounted to $2,490 of the vacation benefits. The $2,490 was charged to Wages Expense when it was paid in July. What adjusting entry would Morton Company make at the end of Juy to bring the vacation benefits payable account up to date