Marie Todd works for the City of Rochester and volunteered to work the New Years Eve holiday in December,2008.In exchange for working the holiday,the city will grant her 2 vacation days compensated at $500 per day.Marie decided to take these vacation days during January,2009.
For Government-wide financial statements,what are the journal entries to record these events in 2008 and in 2009?

Question

Quizplus · Accepted Answer

The Answer of Marie Todd works for the City of Rochester and volunteered to work the New Years Eve holiday in December,2008.In exchange for working the holiday,the city will grant her 2 vacation days compensated at $500 per day.Marie decided to take these vacation days during January,2009.
For Government-wide financial statements,what are the journal entries to record these events in 2008 and in 2009?

Marie Todd Works for the City of Rochester and Volunteered