Question - Chavez Co.'s salaried employees earn four weeks' vacation per year. It pays $312,000 in total employee salaries for 52 weeks, but its employees work only 48 weeks. This means Chavez's total weekly expense is $6,500 ($312,000/48 weeks) instead of the $6,000 cash paid weekly to the employees ($312,000/52 weeks).
Prepare the journal entry to record Chavez's weekly vacation benefits expense.