Exercise 13-3 (Part Level Submission) Sandhill Company began operations on January 2, 2016. It employs 9 Individuals who work 8 hour days and are paid hourly. Each employee cams 10 paid vacation days and 6 paid sick days annually, Vacation days may be taken after January 15 of the year fallowing the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional infarmation is as follows. Actual Hourly Wage Rate 2016 2017 Vacation Days Used by Each Employee 2016 2017 Sick Days Used by Each Employee 2016 2017 Sandhill 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. (a) Your answer is partially correct. Try again. 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 Credit 2016 Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and ability for sick pey) Salaries and Wages Payable Salaries and Wages Payable Cash 00 00 min 00 (To record payment for compensated time when used by employees) 2017 Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and ability for vacations) Salaries and Wages Expense Salaries and Wages Payable (To record payment for compensated time when used by employees) 2017 Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for sick pay) Salaries and Wages Expense Salaries and Wages Payable Cash (To record vacation time paid) Salaries and Wages Expense Salaries and Wages Payable Cash (To record sick leave paid) Your answer is correct. Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016 and 2017. 2016 2017 Vacation Wages Payable R Sick Pay Wages Payable Click if you would like to Show Work for this question: Open Show Work