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prepare in good form E12.3 (L01) (Compensated Absences) Brodarick Company began operationt on Jasuary 2, 2025. It exploya 9 iadividuals who work B-hour deys and
prepare in good form
E12.3 (L01) (Compensated Absences) Brodarick Company began operationt on Jasuary 2, 2025. It exploya 9 iadividuals who work B-hour deys and arw pald hourly: Earh employe earns 10 pe bacation days and 6 paid rick days annually Vacation days myy be taken after fanuary 15 of the year following the ynar io which they are parned sick diwn may be taken as soon as they are earned. anused sick divys accumulate. Additional ieformation is as follows. Broderick Company has chosen to accrue the cost of compensated absences at rates of pay in etfect duning the period whea earned aad to acerue sick pay when earned. Instructions a. Frepare fournal estries to record transartions related to compeniated abiences during 2025 and 2026 I. Compute the amountr of any liablity for compensated abvences that should be reported en the balance abeet at December 31,2025 and 2026 Step by Step Solution
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