The City of Greensboro provides its employees two weeks of paid vacation per year. As of December 31, 65 employees have earned two weeks of vested vacation time each to be taken in the following year. If the average weekly salary for these employees is $900, what is the required journal entry to accrue compensated absences? No journal entry required. Debit Salaries and Wages Expense for $117000 and credit Salaries and Wages Payable for $117000. Debit Salaries and Wages Payable for $116495 and credit Salaries and Wages Expense for $116495. Debit Salaries and Wages Expense for $58500 and credit Salaries and Wages Payable for $58500. . Previous Next >