BrambleLimited began operations on January 2, 2019. The company employs11individuals who work8hour days and are paid hourly. Each employee earns10paid vacation days and7paid 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:

Actual Hourly

Wage RateVacation Days Used

by Each EmployeeSick Days Used

by Each Employee201920202019202020192020$20$210956

Assume thatBrambleLimited has chosen not to recognize paid sick leave until it is used, and has chosen to accrue vacation time at expected future rates of pay without discounting.Brambleuses the following projected rates to accrue vacation time:

Year in Which Vacation Time

Was EarnedProjected Future Pay Rates Used

to Accrue Vacation Pay2019$20.75per hour2020$21.60per hour

Prepare the journal entries to record the transactions related to vacation entitlement during 2019 and 2020.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

2019

(To accrue the expense and liability for vacations)

2019

(To record vacation time paid)

2020

(To accrue the expense and liability for vacations)

2020

(To record vacation time paid)

eTextbook and Media

List of Accounts

Prepare the journal entries to record the transactions related to sick days during 2019 and 2020.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

2019

2020

eTextbook and Media

List of Accounts

Calculate the amounts of any liability for vacation pay and sick days that should be reported on the SFP at December 31, 2019, and 2020.

20192020Liability for vacation pay$$Liability for sick pay$$