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please show how to get every number,step and answer INTERMEDIATE ACCOUNTING CHAPTER 13 - COMPENSATED ABSENCES 2016 2017 NUMBER OF EMPLOYEES HOURLY RATE HOURS PER

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INTERMEDIATE ACCOUNTING CHAPTER 13 - COMPENSATED ABSENCES 2016 2017 NUMBER OF EMPLOYEES HOURLY RATE HOURS PER DAY VACATION DAYS EARNED ANNUALLY SICK DAYS EARNED ANNUALLY VACATION DAYS USED PER EMPLOYEE SICK DAYS USED PER EMPLOYEE 12.960 60,480 REQUIRED: PREPARE THE ENTRIES ASSOCIATED WITH 2016 COMPENSATED ABSENCES WAGE EXPENSE VACATION WAGES PAYABLE 25,920 SICK WAGES PAYABLE 21,600 SICK WAGES PAYABLE CASH 12,960 60,480 REQUIRED: PREPARE THE ENTRIES ASSOCIATED WITH 2017 COMPENSATED ABSENCES WAGE EXPENSE 52,800 VACATION WAGES PAYABLE 28,800 SICK WAGES PAYABLE 24,000 WAGE EXPENSE 2,880 VACATION WAGES PAYABLE 17,280 SICK WAGES PAYABLE 13,440 CASH 33,600 86,400 86,400 REQUIRED: DETERMINE THE 2016 & 2017 ACCOUNT BALANCES FOR VACATION & SICK WAGES PAYABLE 2016 BALANCE SHEET AMOUNTS: VACATION WAGES PAYABLE 25,920 SICK WAGES PAYABLE 8,640 2017 BALANCE SHEET AMOUNTS: VACATION WAGES PAYABLE 37.440 SICK WAGES PAYABLE 19,200 REQUIRED: PREPARE THE ENTRIES ASSOCIATED WITH 2017 COMPENSATED ABSENCES ASSUMING 19,200 REQUIRED: PREPARE THE ENTRIES ASSOCIATED WITH 2017 COMPENSATED ABSENCES ASSUMING AN EXPENSE IS RECORDED AT THE OUTSET OF 2017 TO REFLECT WAGE INCREASE WAGE EXPENSE 3,840 VACATION WAGES PAYABLE, 2,880 SICK WAGES PAYABLE 960 WAGE EXPENSE 52,800 VACATION WAGES PAYABLE 28,800 SICK WAGES PAYABLE 24,000 WAGE EXPENSE NA VACATION WAGES PAYABLE 19,200 SICK WAGES PAYABLE 14,400 CASH 33,600 90,240 90,240 REQUIRED: DETERMINE THE 2016 & 2017 ACCOUNT BALANCES FOR VACATION & SICK WAGES PAYABLE 2016 BALANCE SHEET AMOUNTS: VACATION WAGES PAYABLE 25,920 SICK WAGES PAYABLE 8,640 2017 BALANCE SHEET AMOUNTS: VACATION WAGES PAYABLE 38,400 SICK WAGES PAYABLE 19,200

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