Ivanhoe Co, began operations on January 2, 2025. It employs 14 people who work 8-hour days. Each employee earns 11 paid vacation days annually. Vacation days may be taken after January 10 of the year following the year in which they are earned. The average hourly wage rate was $21.00 in 2025 and $22.50 in 2026 . The average vacation days used by each employee in 2026 was 10. Ivanhoe Co. accrues the cost of compensated absences at rates of pay in effect when earned. Prepare journal entries to record the transactions related to paid vacation days during 2025 and 2026. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter O for the omounts. List all debit entries before credit entries.) (To record salaries and wages paid) (To record salaries and wages accrued)