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Cassie Flohr, employee #375, was hired on May 1 last year at an annual salary of $36,000

Accounting

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Cassie Flohr, employee #375, was hired on May 1

last year at an annual salary of

$36,000.00, paid bi-weekly. As of May of the cu

rrent year, Cassie was entitled to two

weeks of vacation at 4% of

her vacationable earnings.

Cassie took her two weeks of vacation leave from

July 9 to July 20, of the current year at

which time she was paid her vacation pay on a manual cheque.

Prepare the journal entry requi

red to accrue Cassie’s vaca

tion payable every pay and the

journal entry or entries requi

red to record the manual che

que Cassie received when she

took her vacation leave in Ju

ly of the current year.

For this question, use

the following rates:

CPP 4.95%

EI 1.66%

Income tax 26.00%