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2 Carion Ltd., a company that started operations on January 1st, 2017 has the following data related to its employees in 2017 and 2018. Throughout 2017 and 2018, the company employed 7 people who worked 5 day weeks. Each employee earned 2 paid vacation weeks annually. Carion's company policy is that vacation weeks may be taken after January 31st of the year following the year in which they are earned. The average weekly wage rate was $960.00 in 2017 and $1,000 in 2018. The average number of vacation weeks used by each employee in 2017 was 0 and in 2018 was 1.8 weeks. Required: Prepare journal entries to record all the transactions related to vacation pay during 2018 assuming Carion accrues the cost of compensated absences at rates of pay in effect when earned. r Instructions: Complete your answer in the attached excel worksheet, enable editing to allow for editing of the document and ensure that you save your work before uploading in here as your response. Q21 Vacation Caculation - Carion Ltd..xlsx