please do it asap
Swifty Company began operations on January 2, 2019. It employs 11 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 Add tional information is as follows. Swifty Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at opected futurt rates of pay without discounting. The company used the following projected rates to accrue vacation time. Swifty Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future ratesol pay without discounting. The company used the following projected rates to accrue vacation time. Prepare journal entries to record transactions related to compensated absences during 2019 and 2020 , 0f no entry is muint, select "No Entry" for the account titles and enter ofor the amounts. Credit occount titles are automatically indented whicn ancurt is entered. Do not indent manually, Round answers to 0 decimal ploces, eg. 5, 125. 11 Question 4 of 5 (To record vacation time paid) 2020 Salaries and Woges Expente Salaries and Wages Payabie (To accrue the expense and lability for vacations) Salaries and Wases Expense Cash (To record sick leave paid) Sataries and Wages Expense. Salaries and Wages Payable cash (To record vacation time paid) estion 4 of 5 Compute the amounts of any liability for compensated absences that should be reported on the balaree shest at Deceatied 31 Swifty Company began operations on January 2, 2019. It employs 11 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 Add tional information is as follows. Swifty Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at opected futurt rates of pay without discounting. The company used the following projected rates to accrue vacation time. Swifty Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future ratesol pay without discounting. The company used the following projected rates to accrue vacation time. Prepare journal entries to record transactions related to compensated absences during 2019 and 2020 , 0f no entry is muint, select "No Entry" for the account titles and enter ofor the amounts. Credit occount titles are automatically indented whicn ancurt is entered. Do not indent manually, Round answers to 0 decimal ploces, eg. 5, 125. 11 Question 4 of 5 (To record vacation time paid) 2020 Salaries and Woges Expente Salaries and Wages Payabie (To accrue the expense and lability for vacations) Salaries and Wases Expense Cash (To record sick leave paid) Sataries and Wages Expense. Salaries and Wages Payable cash (To record vacation time paid) estion 4 of 5 Compute the amounts of any liability for compensated absences that should be reported on the balaree shest at Deceatied 31
