Noah industries has four employees. Each employee earns two vacation days a month. Noah pays...
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Accounting
Noah industries has four employees. Each employee earns two vacation days a month. Noah pays its employees a weekly salary of 3,000 for a five-day workweek.
Requirements
1.Determine the amount of vacation expense for one month.
2. Journalize the entry to accrue the vacation expense for the month.
Requirement 1. Determine the amount of vacation expense for one month.
Select the correct formula and calculate Noah Industries vacation expense for one month.(Abbreviations used: Ees=employees;Mo=Month;Wk,=Week.)
Mo. vacation exp. =
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