1. Vacation Pay

Aylmer has 11 full-time employees.

Each employee earns vacation pay at a different rate. Vacation pay, for days earned, may be taken after January 15^th of the year following the year in which the days are earned (in other words, vacation days earned in Y6 must be used in Y7). Aylmer has chosen to accrue the cost of vacation at rates of pay in effect during the period in which they are earned, at Y6 rates of pay. The expense for Y6 should be based on Y6 wages and no expense or liability for Y6 has been recorded.

There is NO carryover of vacation pay from Y5 to Y6 any liability from Y5 was used in Y6.

In order to calculate the vacation pay, to be expensed in Y6, salaried employees are paid weekly and hourly employees are normally paid 40 hours per week.

In the Excel spreadsheet, see the tab labelled Vacation Pay to make any calculations for an adjusting entry.

Name	Title	Wage		Entitled Vacation	Weekly Wages	Accrual	Dollar Amount
Brian Dennis	President	$ 163,500.00	annually	3 weeks
Jane Ferris	Controller	$ 125,900.00	annually	5 weeks
Lin Wang	Sales	$ 75,000.00	annually	4 weeks
Hannah Carter	Sales	$ 75,000.00	annually	3 weeks
Jessica Lampman	Supervisor	$ 73,200.00	annually	3 weeks
Larry Jones	Supervisor	$ 73,200.00	annually	3 weeks
Amy Fanshawe-Grad	Accountant	$ 56,500.00	annually	5 weeks
Max Vance	Labourer	$ 22.00	hourly	3 weeks
John Demilo	Labourer	$ 22.00	hourly	2 weeks
Kevin St Clair	Labourer	$ 22.00	hourly	3 weeks
Allison Brubaker	Labourer	$ 22.00	hourly	3 weeks

make any required calculations and prepare journal entries