Matt Broderick Company began operations on January 2, 2013. It employs 8 individuals who work 8-hour days and are paid hourly. Each employee earns 9 paid vacation days and 7 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.

Matt Broderick 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.

a)Prepare journal entries to record transactions related to compensated absences during 2013 and 2014

(b)

The parts of this question must be completed in order. This part will be available when you complete the part above.

Vacation Days Used by Each Employee Sick Days Used by Each Employee Actual Hourly Wage Rate 2013 2014 20132014 2013 2014 $17 $18 8