Question 7 (3 points) An employee who earns $300 per day earns 10 vacation days during 2020. They are expected to take 8 vacation days in 2021. They are expected to earn $290 per day next year. What entry, if any, could the company make on December 31, 2020 and be in compliance with generally accepted accounting principles for recording vacation costs. No entry should be made until 2021 when the employee goes on vacation. Dr. Compensation Expense $3000 Dr. Goodwill 100 Cr. Vacation Liability 3100 3000 Dr. Compensation Expense Cr. Cash C. Vacation Liability 2400 600 Dr. Compensation Expense 3000 Cr. Vacation Liability 3000