Q18.

Vaughn Corporation has 21 employees who each earn $121 a day. The following information is available.

1.		At December 31, Vaughn recorded vacation benefits. Each employee earned 6 vacation days during the year.
2.		At December 31, Vaughn recorded pension expense of $106,500, and made a contribution of $73,500 to the pension plan.
3.		In January, 19 employees used 1 vacation day each.

Prepare Vaughns journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Prepare Vaughns journal entries to record these transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
1.
2.
3.