please explain

2. 30Tk 8-ho Pearl Company began operations on January 2, 2020. It employs 15 individuals who work 8 -hour days and are paid hourly. Each employee earns 10 paid vacation days and 5 pald sick ways 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 Pearl 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. a. Prepare journal entries to record transactions related to compensated absences during 2020 and 2021. 2020: 1. To accrue expense and liability for vacations 2. To record sick leave paid 2021: 1. To accrue expense and liability for vacations 2. To record sick leave paid 3. To record vacation time paid 2. 30Tk 8-ho Pearl Company began operations on January 2, 2020. It employs 15 individuals who work 8 -hour days and are paid hourly. Each employee earns 10 paid vacation days and 5 pald sick ways 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 Pearl 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. a. Prepare journal entries to record transactions related to compensated absences during 2020 and 2021. 2020: 1. To accrue expense and liability for vacations 2. To record sick leave paid 2021: 1. To accrue expense and liability for vacations 2. To record sick leave paid 3. To record vacation time paid