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9 Global Company has 35 employees who work 8-hour days and are paid hourly. On January 1, 2019, the company began a program of granting

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9 Global Company has 35 employees who work 8-hour days and are paid hourly. On January 1, 2019, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2019 may first be taken on January 1, 2020 Information relative to these employees is as follows: Year Hourly Wages Vacation Days Eamed Vacation Days Used by Each Employee by Each Employee 2019 $22 10 0 2020 25.5 10 Required: A) Prepare journal entries to record the transactions related to paid vacation days during 2019 and 2020 B) Compute the amounts of liability for compensated absences that should be reported on the statement of financial position at December 31, 2019 and 2020 For the toolbar.press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI V S Paragraph Arial 10pt I. > iii . IN O WORDS POWERED BY TINY

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