Exercise 2 Azalde Company began operations on January 1, 2017. 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. Employees may take vacation soon as earned; unused sick days accrue. days after January 15 of the year following the year earned. Employees may take sick days as Additional information is as follows: Vacation Days Used by Each Employee Sick Days Used by Each Employee Actual Hourly Wage Rate 201Z 2018 $15 $18 2017 2018 2017 2018 0 4 Azalde 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. Instructions Prepare journal entries to record transactions related to compensated absences during 2017 & 2018 (a)