On January $1,2024,$ Poplar Fabricators Corporation agreed to grant its employees two weeks of vacation each year, with the

stipulation that vacations eamed each year can be taken the following year. For the year ended December $31,2024,$ Poplar

Fabricators' employees each earned an average of $$850$ per week. Nine hundred vacation weeks earned in $2024$ were not taken

during $2024.$

Required:

Prepare the appropriate adjusting entry for vacations eamed but not taken in $2024.$

Suppose that, by the time vacations actually are taken in $2025,$ salary rates for employees have risen by an average of $4$ percent

from their $2024$ level. Also, assume salaries earned in $2025($including vacations earned and taken in $2025)$ were $$39$ million.

Prepare a journal entry that summarizes $2025$ salaries and the payment for $2024$ vacations taken in $2025.$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Prepare the appropriate adjusting entry for vacations earned but not taken in $2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Suppose that, by the time vacations actually are taken in $2025,$ salary rates for employees have risen by an average of $4$

percent from their $2024$ level. Also, assume salaries earned in $2025($including vacations earned and taken in $2025)$ were $$39$

million. Prepare a journal entry that summarizes $2025$ salaries and the payment for $2024$ vacations taken in $2025.$

Note: Enter your answers in whole dollars. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in

the first account field.