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Bramble Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each employee earns 11 paid
Bramble Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each employee earns 11 paid vacation days and 7 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Bramble Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time. Date Account Titles and Explanation 2019 Salarles and Wages Expense Salarles and Wages Payable (To accrue the expense and liability for vacations) Salarles and Wages Expense Salarles and Wages Payable (To record sick leave paid) Salarles and Wages Payable Salarles and Wages Expense Debit 9680 (To record vacation time paid) 2020 (To accrue the expense and liability for vacations) (To record sick leave paid) (To record vacation time paid)
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