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5. Dervish Ltd has an average weekly payroll of $700,000. The employees are entitled to 2 weeks' accumulating and vesting sick leave per annum. Past
5. Dervish Ltd has an average weekly payroll of $700,000. The employees are entitled to 2 weeks' accumulating and vesting sick leave per annum. Past experience suggests that 66% of employees will take the full 2 weeks' sick leave and 15% will take 1 week's sick leave each year. The rest of the employees take no sick leave. What weekly entry would Dervish make in relation to sick leave? (in whole dollars) a) Dr Sick leave expense $26,923 Cr Provision for sick leave $26,923 b) No weekly entry is required. c) Dr Sick leave expense $15,156 Cr Provision for sick leave $15,156 d) Dr Sick leave expense $19,788 Cr Provision for sick leave $19,788 e) Dr Sick leave expense $17,899 Cr Provision for sick leave $17,899
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