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I want a detailed solution with the need to show the method of calculation Q 1 Hebron Company has 5 employees who work 8-hour days
I want a detailed solution with the need to show the method of calculation
Q 1 Hebron Company has 5 employees who work 8-hour days and are paid hourly. The company granting its employees 10 days of paid vacation each year. Vacation days earned in 2020 may first be taken on January 1, 2021. Information relative to these emploupec is as follows: Hebron Company has chosen to accrue the liability for compensated absences at the 555) 2 H. Hebron Company has chosen to accrue the liability for cos pay in effect when the compensated time is earned. . What is the amount of expense relative to compensated absences that should 2020 2. reported 2020 ? 2021? 2. What is the amount of the accrued liability for compensated absences that 2021 should be reported at December 31,2021 ? 3. Journalize the required entries for 2021 20 sww paywble. 41000 s 41000 3) During 2021 stw exp stw patobl &,800 sosh 5+87+12 311212021 f w exp anseStep by Step Solution
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