TB Problem 13-134 (Algo) MullerB Company's employees earn... MullerB Company's employees earn vacation time at the rate of 1 hour per 40 -hour work period. The vacation pay vests immediately, meaning an employee is entitled to the pay even if employment terminates. During 2024, total salaries paid to employees equaled $707,000, including $7,000 for vacations actually taken in 2024 , but not including vacations related to 2024 that will be taken in 2025 . All vacations earned before 2024 were taken before January 1, 2024. No adjusting entries have been made for the vacations. Required: Prepare the appropriate adjusting entry for vacations earned but not taken in 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the adjusting entry for vacations earned. Note: Enter debits before credits