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Flint Company began operations on January 2,2019. It employs 11 indlidials who work B-hour days and are paid hourly, Each employec earns 12 paid vacation
Flint Company began operations on January 2,2019. It employs 11 indlidials who work B-hour days and are paid hourly, Each employec earns 12 paid vacation days and 7 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are eamed. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Fint Company has chosen not to accrve paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time. (a) Prepare journal entries to record transactions related to compensated absences during 2019 and 2020 . 0 ff no entry ls required, select "No Entry" for the occount titles and enter O for the amounts. Credit occount titles are outomaticolly indented when amount is entered. Do not indent manualik. Round answers to 0 decimal ploces, es. 5, 125.)
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