Smyth Corporation has a policy that allows an employee 8 vacation days annually. The vacation days vest after an employee has been employed for six months. Smyth has a workforce of 20 employees, each of whom has been with the company for at least three years. The average weekly salary (assume a five day work week) is $1,000. During the year employees took vacation hours totaling 112 days. The bookkeeper debited Vacation Expense when the employees were paid for those days. At the end of the year, the general ledger shows a balance of $7,000 in the Accrued Vacation Pay account. Prepare the adjusting entry that should be made to the Vacation Expense and Accrued Vacation Pay, if any