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could someone please help me answer this question with detail? thanks! Wildhorse Company began operations on January 2, 2025. It employs 9 individuals who work

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Wildhorse Company began operations on January 2, 2025. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 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. Wildhorse Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned. Date Account Titles and Explanation Debit Credit 2025 (To accrue the expense and liability for vacations) (To accrue the expense and liability for sick pay) (To record payment for compensated time when used by employees) 2026 (To accrue the expense and liability for vacations) (To accrue the expense and liability for sick pay) (To record vacation time paid) (To record sick leave paid)

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