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Question 8 of 12 0.85/1 View Policies Show Attempt History Current Attempt in Progress Oriole Company began operations on January 2, 2019. It employs 12 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 2019 2020 $12 $13 Vacation Days Used by Each Employee 2019 2020 o 9 Sick Days Used by Each Employee 2019 2020 7 Oriole 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. Your answer is partially correct 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 for the amounts. Credit account titles are automatically 3 Homework Question 8 of 12 0.85/1 III 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 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 2019 Salaries and Wages Expense Debit Credit 11520 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salanes and Wes Exe 9216 Savond Wes Payable 9216 (To accrue the expense and liability for sick pay) Sortid Wages Payuble 6912 Ce (To record payment for compensated time when used by employees) 2020 Sand WE ww waratione Question 8 of 12