The objective of this exercise is to calculate the vacation wages that are outstanding as of March 31, 2013. All employees
earn vacation as of January 1 each year based on the following criteria:
	Service of at least 62 days		40	hours (1 week)
	Service of at least 3 years		80	hours (2 weeks)
	Service of at least 7 years		120	hours (3 weeks)
In addition employees who have been employed 61 days or fewer at January 1 are considered in the probationary period
and will not be awarded any vaction until the next year.
Wages were accrued at $16.60 per hour on 12/31/12. Assume payroll records indicate that $19,000; $18,125 and $14,500
was paid out in Jan, Feb and Mar respectively. A COLA increase was implemented 4/1/13 for 2.5% and should be
reflected on the remaining vacation for 2013. Complete the "Mfg" tab and then prepare the journal entires below:
Journal Entries - ONLY FILL IN THE ORANGE SHADED AREAS
Date	Account			Debit	Credit
12/31/2012				$ -
					$ -
1/31/2013				$ -
					$ -
2/28/2013				$ -
					$ -
3/31/2013				$ -
					$ -
3/31/2013				$ -
					$ -
Vacation Payable
	$ -
$ -
$ -
$ -
	$ -
	$ -
	$ -