Kingbird Company began operations on January 2, 2019. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 11 paid vacation days and 6 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						Vacation Days Used by Each Employee				Sick Days Used by Each Employee
2019			2020			2019		2020		2019		2020
$11			$12			0		9		4		5

Kingbird Company has chosen not to accrue 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.

Year in Which Vacation Time Was Earned		Projected Future Pay Rates Used to Accrue Vacation Pay
2019		$11.29
2020		12.18

Partially correct answer iconYour 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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,125.)

Date	Account Titles and Explanation	Debit	Credit
2019	enter an account title to accrue the expense and liability for vacations	enter a debit amount	enter a credit amount
	enter an account title to accrue the expense and liability for vacations	enter a debit amount	enter a credit amount
	(To accrue the expense and liability for vacations)
	enter an account title to record sick leave paid	enter a debit amount	enter a credit amount
	enter an account title to record sick leave paid	enter a debit amount	enter a credit amount
	(To record sick leave paid)
	enter an account title to record vacation time paid	enter a debit amount	enter a credit amount
	enter an account title to record vacation time paid	enter a debit amount	enter a credit amount
	(To record vacation time paid)
2020	enter an account title to accrue the expense and liability for vacations	enter a debit amount	enter a credit amount
	enter an account title to accrue the expense and liability for vacations	enter a debit amount	enter a credit amount
	(To accrue the expense and liability for vacations)
	enter an account title to record sick leave paid	enter a debit amount	enter a credit amount
	enter an account title to record sick leave paid	enter a debit amount	enter a credit amount
	(To record sick leave paid)
	enter an account title to record vacation time paid	enter a debit amount	enter a credit amount
	enter an account title to record vacation time paid	enter a debit amount	enter a credit amount
	enter an account title to record vacation time paid	enter a debit amount	enter a credit amount
	(To record vacation time paid)

List of Accounts

Partially correct answer iconYour answer is partially correct.

Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019 and 2020. (Round answers to 0 decimal places, e.g. 5,125.)

		2019		2020
Accrued liability		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places