Question
Please show all work and calculations!!! Sarasota Company began operations on January 2, 2019. It employs 12 individuals who work 8- hour days and are
Please show all work and calculations!!!
Sarasota Company began operations on January 2, 2019. It employs 12 individuals who work 8- hour days and are paid hourly. Each employee earns 11 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
Sick Days Used by Each Employee 2019 2020 2019 2020 2019 2020 $7 $8 0 10 5 6 Sarasota 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.
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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 2019 enter an account title to accrue the expense and liability for vacations
enter a debit amount
enter a credit amount
enter an account title to accrue the expense and liability for vacations
enter a debit amount
enter a credit amount
(To accrue the expense and liability for vacations) enter an account title to accrue the expense and liability for sick pay
enter a debit amount
enter a credit amount
enter an account title to accrue the expense and liability for sick pay
enter a debit amount
enter a credit amount
(To accrue the expense and liability for sick pay) enter an account title to record payment for compensated time when used by employees
enter a debit amount
enter a credit amount
enter an account title to record payment for compensated time when used by employees
enter a debit amount
enter a credit amount
(To record payment for compensated time when used by employees) 2020 enter an account title to accrue the expense and liability for vacations
enter a debit amount
enter a credit amount
enter an account title to accrue the expense and liability for vacations
enter a debit amount
enter a credit amount
(To accrue the expense and liability for vacations) enter an account title to accrue the expense and liability for sick pay
enter a debit amount
enter a credit amount
enter an account title to accrue the expense and liability for sick pay
enter a debit amount
enter a credit amount
(To accrue the expense and liability for sick pay) enter an account title to record vacation time paid enter a debit amount
enter a credit amount
enter an account title to record vacation time paid enter a debit amount
enter a credit amount
enter an account title to record vacation time paid enter a debit amount
enter a credit amount
(To record vacation time paid) enter an account title to record sick leave paid enter a debit amount
enter a credit amount
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