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You received partial credit in the previous attempt. MullerB Company's employees earn vacation time at the rate of 1 hour per 40 -hour work period.
You received partial credit in the previous attempt. 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 $717,100, including $7,100 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 ivote: cricer depics derore creaits
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