Kasten Inc. provides paid vacations to its employees. At December 31, 2014, 21 e

Question

Kasten Inc. provides paid vacations to its employees. At December 31, 2014, 21 employees have each earned 2 weeks of vacation time. The employees’ average salary is $748 per week. Prepare Kasten’s December 31, 2014, adjusting entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation

Debit

Credit

Account Titles and Explanation

Debit

Credit

Explanation / Answer

Journal Entries Particulars Dr Amt Cr Amt Salaries and Wages Expense Dr                   31,416.00 To Salaries and Wages Expense Payable           31,416.00 ( 21 *2 * 748)

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