Exercise 13-03 (Part Level Submission) Pina Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each employee earns 10 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 Vacation Days Used by Each Employee 2019 2020 Sick Days Used by Each Employee 2019 2020 2019 2020 2019 2020 2019 2020 2019 $6 $7 0 6 Pina 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 2019 T Salaries and Wages Expen 4,800 T Salaries and Wages Pay (To accrue the expense and liability for vacations) Tsalaries and Wages Expen 3840 Salaries and Wages Pay 3840 (To accrue the expense and liability for sick pay) TSalaries and Wages Payab 80 2880 T Cash (To record payment for compensated time when used by employees) 20 Salaries and Wages Expen 5600 5600 T Salaries and Wages Pay (To accrue the expense and liability for vacations) Tsalaries and Wages Expen 4480 Salaries and Wages Pay 4480 (To accrue the expense and liability for sick pay) TSalaries and Wages Expen Salaries and Wages Payab TCash (To record vacation time paid) Salaries and Wages Expen Salaries and Wages Payab cash (To record sick leave paid)