Provide the appropriate journal entries

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Reference no: EM132694868

Question - Harry works for Corona Ltd. His annual salary is $104,000 and he is paid weekly. As part of his employment agreement, he is entitled to four weeks' annual leave each year. He receives a leave loading of 17.5 per cent.

REQUIRED -

a. Provide the weekly journal entries to record the recognition of Harry's annual leave entitlements.

b. Provide the appropriate journal entries, assuming that Harry takes one-week annual leave after being employed for one year and assuming that the tax deducted from the payment for the one week is $900.

Reference no: EM132694868

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