Chavez Co's salaried employees earn four weeks' vacation per year. It pays $686,400 in total employee salaries for 52 we

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Chavez Co S Salaried Employees Earn Four Weeks Vacation Per Year It Pays 686 400 In Total Employee Salaries For 52 We 1 (16.22 KiB) Viewed 49 times

Chavez Co's salaried employees earn four weeks' vacation per year. It pays $686,400 in total employee salaries for 52 weeks, but its employees work only 48 weeks. This means Chavez's total weekly expense is $14,300 ($686,400/48 weeks) instead of the $13,200 cash paid weekly to the employees ($686,400/52 weeks). Prepare the journal entry to record Chavez's weekly vacation benefits expense View transaction list