Oriole Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each employee earns 12 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. Actual Hourly Wage Rate Vacation Days Used by Each Employee 2019 2020 Sick Days Used by Each Employee 2019 2020 2019 2020 $12 $13 0 10 5 6 Oriole 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 $12.36 2019 2020 13.34 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 Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,125.) Date Account Titles and Explanation Debit Credit 2019 Salaries and Wages Expense 11520 Salaries and Wages Payable 11520 (To accrue the expense and liability for vacations) Salaries and Wages Expense 6720 Salaries and Wages Payable 6720 (To record sick leave paid) Salaries and Wages Payable 4800 Cash 4800 (To record vacation time paid) 2020 Salaries and Wages Expense 12480 Salaries and Wages Payable 12480 (To accrue the expense and liability for vacations) Salaries and Wages Expense 7280 Salaries and Wages Payable 7280 (To record sick leave paid) Salaries and Wages Expense 800 Salaries and Wages Payable 9600 Cash 10400 (To record vacation time paid)