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Please show all work Pronghorn Company began operations on January 2, 2019. It employs 12 individuals who work 8-hour days and are paid hourly. Each

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Pronghorn Company began operations on January 2, 2019. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 13 paid vacation days and 8 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 12 Sick Days Used by Each Employee 2019 2020 2019 2020 $13 $14 0 5 7 Pronghorn 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 2019 Projected Future Pay Rates Used to Accrue Vacation Pay $13.98 2020 15.08 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 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, eg. 5,125.) Debit Credit Date Account Titles and Explanation 1744704 2019 Salaries and Wages Expense 1744704 Salaries and Wages Payable (To accrue the expense and liability for vacations) 6240 Salaries and Wages Expense 6240 Cash (To record sick leave paid) 16224 Salaries and Wages Expense 16224 Salaries and Wages Payable (To record vacation time pald) 18819.84 2020 Salaries and Wages Expense 1881984 Salaries and Wages Payable (To accrue the expense and liability for vacations) 9408 Salaries and Wages Expense P > 16224 Sales and Wapes Payable (To record Vacation time pald) 18019.84 2020 Salaries and Wes Experte LA 10.51984 Solares and Waces Payable (To accrue the expense and liability for vacations) 9408 Salaries and Wales Expense 9408 Cash (To record sick leave paid) 1344 Salaries and Wales Expense 16128 Salaries and Wages Payable 17472 Cash (To record vacation time paid)

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