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    Fundamental Accounting Principles Study Set 5
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    Exam 11: Current Liabilities and Payroll Accounting
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    Blake Company Pays Its Employees for Two Weeks Vacation Each
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Blake Company Pays Its Employees for Two Weeks Vacation Each

Question 18

Question 18

Essay

Blake Company pays its employees for two weeks vacation each year. The total annual cost of the vacation benefit is $113,000. Prepare the journal entry to record the weekly accrued vacation expense.

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