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Marigold Company began operations on January 2, 2025. It employs 10 individuals who work B-hour days and are paid hourly. Each employce earns 11 paid

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Marigold Company began operations on January 2, 2025. It employs 10 individuals who work B-hour days and are paid hourly. Each employce earns 11 paid vacation days and 6 paid sick days annually. Vacation days may be taken after daruary 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are carned; unused sick days accumulate. Additional information is as follows. Marigold Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period wien earned and to accrue sick pay when earned. Prepare journal entries to record transactions related to compensated absences during 2025 and 2026. (U no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are autornatically indented wherl amount is entered. Do not indent manuolly. List all debit entries before credit entries) 2026 (To accrue the expense and labelity for vacations) (To accrue the expense and liability for sick pay) (To record vacation time paild) (To record vacation time paid) (To record sick leave paid) Sitne for Later Attempts: 0 of 1 used Submit

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