Please be detailed in correctly responding to this question. I'm really struggling here but please answer it completely and correctly, it's not urgent or time sensitive. Thank you.

Exercise 13-3 Sage Company began operations on January 2, 2016. It employs 10 individuals who work 8-hour days and are paid hourly. Each employee earns 9 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 Sick Days Used by Each Employee Wage Rate 2016 2017 $11 $12 by Each Employee 2016 2017 2016 2017 4 Sage 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. Your answer is partially correct. Try again. Prepare journal entries to record transactions related to compensated absences during 2016 and 2017. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation 2016 Salaries and Wages Expense Debit Credit 7920 7920 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense 5280 Salaries and Wages Payable 5280 Date Account Titles and Explanation Debit Credit 2016 Salaries and Wages Expense 7920 Salaries and Wages Payable 7920 o accrue the expense and liability for vacations) Salaries and Wages Expense 5280 Salaries and Wages Payable To accrue the expense and liability for sick pay) Salaries and Wages Payable 5280 3520 Cash 3520 To record payment for compensated time when used by employees) 2017 Salaries and Wages Expense 8640 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense 8640 5760 Salaries and Wages Payable 5760 (To accrue the expense and liability for sick pay) To accrue the expense and liability for vacations) Salaries and Wages Expense 5760 Salaries and Wages Payable 5760 To accrue the expense and liability for sick pay) (To record vacation time paid) To record sick leave paid) SHOW LIST OF ACCOUNTS LINK TO TEXT 1 Your answer is incorrect. Try again. Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016 and 2017. 2016 2017 Vacation Wages Payable Sick Pay Wages Payable Click if you would like to Show Work for this question: Qpen Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT