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Little Company provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation cost is $172,800. The journal entry to record the adjusting entry required on December 31, the end of the current year, to record the current month's accrued vacation pay is

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sandlee09

Answer:

$14,400

Explanation:

Based on the scenario being described within the question it can be said that the journal entry should state a value of $14,400 of accrued vacation pay. This is mainly due to the fact that the question asks for the current month's accrued vacation pay. Therefore since the total year's accrued vacation pay is  $172,800 then you have to divide that by 12 (total number of months in a year).

$172,800 / 12 = $14,400

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