QUESTIONS The following information relates to Questions I and II ABC Ltd has introduced a new workplace agreement providing employees with 10 days sick leave per year. Based on past experience, ABC Ltd has ascertained that, across each staff level, 60% of staff will take the full 10 days; 20% of staff will take 4 days and 10% of staff will take 1 day. ABC processes the payroll on a weekly basis and recognizes the sick leave entitlement as they accrue in accordance with AASB 119 Employee Benefits. Details of the payroll are as follows: Staff level Managerial staff Entitlement Accumulating vesting Weekly payroll $65,000 Professional staff Accumulating non-vesting $70,000 Question 1: Which of the following general journal entries would be recorded to reflect the weekly sick leave entitlement for the Managerial staff? A) Dr Sick leave expense $1,708 Cr Sick leave payable $1,708 B) Dr Sick leave expense $2,500 Cr Cash $792 Cr Sick leave payable $1,708 C) Dr Sick leave payable $2.500 Cr Cash $2.500 D) Dr Sick leave expense $2,500 Cr Sick leave payable $2,500 Your answer to Question 1: Question II: Which of the following amounts would be recorded to reflect the weekly sick leave entitlement for the professional staff? A) $1,639 B) $1,858 C) $1,912 D) $2,192 E) $2,500 Your answer to