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pls solve quickly Scully Jolly Company has 35 workers who have 8-hour shifts per day and are paid hourly. On January 1, 2020, the company
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Scully Jolly Company has 35 workers who have 8-hour shifts per day and are paid hourly. On January 1, 2020, the company began a program of granting its employees 10 days of paid vacation each year. Vacation days earned in 2020 may first be taken on January 1, 2021. Information relative to these employees is as follows: Year Hourly Wages Vacation Days Used by Each Employee Vacation Days Earned by Each Employee 2020 50 0 10 2021 55 8 10 2022 60 10 10 Scully Jolly has chosen to accrue the liability for compensated absences at the current rates of pay in effect when the compensated time is earned What is the amount of the accrued liability for compensated absences that should be reported in Scully Jolly Company's statement of financial position for the year ended December 31, 2021 , and December 31, 2022Step by Step Solution
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