Buffalo Incorporated began operations on January 2, 2016. Buffalo employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 12 paid vacation days and 5 paid sick days annually. Vacation days may be taken after February 28 of 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 Rate Vacation Days Used by Each Employee Sick Days Used by Each Employee 2016 2017 2016 2017 2016 2017 $13 $15 2 10 4 3 Prepare journal entries to record transactions related to compensated absences during 2016 and 2017. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 2016 (To accrue the expense and liability for vacations) Debit Credit (To accrue the expense and liability for sick pay) (To record vacation time paid) 2017 (To record sick time paid) (To accrue the expense and liability for vacations) (To accrue the expense and liability for sick pay) To record vacation time paid) (To record vacation time paid) (To record sick leave paid)