Exercise 13-03 (Part Level Submission) Ayayai 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 8 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. Actual Hourly Wage Rate 2019 2020 $ 10 $11 Vacation Days Used by Each Employee 2019 2020 Sick Days Used by Each Employee 2019 2020 Ayayai 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. v (a) Your answer is partially correct. Try again. Prepare journal entries to record transactions related to compensated absences during 2019 and 2020. (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 Debit Credit 2019 Tsalaries and Wages Expen 10120 x= Salaries and Wages Pay 10120 (To accrue the expense and liability for vacations) Salaries and Wages Expen 3520 Salaries and Wages Pay 3520 (To accrue the expense and liability for sick pay) Salaries and Wages Payabl 4800 4800 Cash (To record payment for compensated time when used by employees) 2020 TSalaries and Wages Expen 10921 10921 1 Salaries and Wages Pay (To accrue the expense and liability for vacations) Salaries and Wages Expen 4800 1 Salaries and Wages Pay 4800 (To accrue the expense and liability for sick pay) Salaries and Wages Expen Cash 8800 (To record vacation time paid) in oni TSalaries and Wages Expen x = Cash 6160 (To record sick leave paid)