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2 September, 18:31

Athena Company's salaried employees earn two weeks of vacation per year. It pays $816,400 in total employee salaries for 52 weeks but its employees work only 50. Record Athena Company's weekly journal entry to record the vacation expense:

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  1. 2 September, 18:34
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    Weekly vacation expense $628

    Explanation:

    Total employees salaries $816,400

    Weekly salary expense $15.700 ($816,400/52 weeks)

    Vacation expense for two wweks $31.200 ($15.700 * 2 weeks)

    Weekly vacation expense $628 ($31.200/50 weeks)
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