A balance of 49900 in the vacation benefits payable account, Ask an Expert

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A balance of 49,900 in the vacation benefits payable account. During month employees earned an additional 3,110 in vacation benefits, but some employees used vacation days that amounted to 2,490 of the benefits, charged to wage expense when it was pd. what adjusting entry would they make at the end of month to bring that account up to date?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91962456

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