. the cool co. offers vacation time to its employees. as of dec. 31, 2016 there were 700 weeks of vacation that had not been used. at that time, the average weekly payroll per employee was $900. during 2017, when those 700 weeks of vacation were taken (all in 2017). also, the cool co. employees earned/paid $31 million in wages for 2017 (including vacations earned and taken in 2017). please prepare journal entry (entries) (if needed) for the unused vacations as of 12/31/2016. also, prepare an entry for the wages of 2017 as well as vacations earned in 2016 but taken in 2017.
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Category: biomedicalengineering | Author: Torquil Vilhelm
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