l amortization. Exercise 2 Abdullah Company began operations on January 2, 2013. It employs 9 individuals who work 8- hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Employees may take vacation days after January 15 of the year following the year earned. Employees may take sick days as soon as earned; unused sick days accrue. Additional information is as follows Actual Hourly Wage Rate 2013 2014 $15 $18 Vacation Days Used by Each Employee Sick Days Used by Each Employee 2013 2014 2013 2014 0 Abdullah 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. Instructions (a) Prepare journal entries to record transactions relatedt 2013 and 2014 (b) Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2013 and 2014