Marigold Company began operations on January 2, 2025. 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 Vacation Days Used Wage Rate by Each Employee Sick Days Used by Each Employee 2025 2026 2025 2026 2025 2026 $11 $12 0 9 Marigold 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 2025 2026 Projected Future Pay Rates Used to Accrue Vacation Pay $11.50 12.50 (a) Your answer is partially correct Prepare journal entries to record transactions related to compensated absences during 2025 and 2026. Of no entry is required select "No Entry for the account titles and enter 0 for the mounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation 2025 Salaries andages Expence Salaries and Wages Payable (To accrue the expense and lability for vacations) Salaries and Wiges Payable Cash (To record sick leave paid) Debit Credit 12645 396 12645 396