P1. Coyote Construction, Inc. employs 40 individuals who work 8 hours a day and are paid hourly. Each employee earns one day paid sick leave and one day paid vacation a month if he or she works full-time in the month. Vacations earned in one year can be used in the following years while sick leaves can be used as they are earned. The following information pertains to vacation earned in 2017 and used in 2019.

Vacations Vacations Vacation earned

Earned in 2018 earned in 2018 and used in 2019 in 2019

400 days 300days 420 days

The average pay rates are $15/hour in 2018 and $18/hour in 2019.

Instructions: prepare any necessary journal entries for

1. Vacations earned in 2018.
2. Vacations earned in 2018 but used in 2019.
3. Vacations earned in 2019