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QS 11-8 Accounting for vacations LO P4 Chavez estimated and must expense $8,000 of accrued vacation benefits for the year (a) Prepare the December 31

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QS 11-8 Accounting for vacations LO P4 Chavez estimated and must expense $8,000 of accrued vacation benefits for the year (a) Prepare the December 31 year-end adjusting entry for accrued vacation benefits. (b) Prepare the entry on April 1 of the next year when an employee takes a one-week vacation and is paid $500 cash for that week. View transaction list Journal entry worksheet

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