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Poplar fabricators Corporation agreed to grant its employees two weeks' vacation each year, with the stipulation that vacations earned each year can be taken the
Poplar fabricators Corporation agreed to grant its employees two weeks' vacation each year, with the stipulation that vacations earned each year can be taken the following year For the year ended December 31. 2016, Poplar Fabricators employees each earned an average of $850 per week Nine hundred vacation weeks earned in 2016 were not taken during 2016 Required: 1. Prepare the appropriate adjusting entry for vacations earned but not taken in 2016 (If no entry is required for a transaction/event. select "No Journal entry required" in the first account field.)
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