Riverbed Limited began operations on January $2,2022.$ Riverbed employs $11$ individuals who work eight$-$hour days and are paid

hourly. Each employee eams $10$ paid vacation days and $6$ paid sick days annually. Vacation days may be taken after January $15$ of the

year following the year in which they are eamed. Sick days may be taken as soon as they are earned; unused sick days accumulate.

Additional information is as follows:

Assume that Riverbed Limited has chosen not to recognize paid sick leave until it is used, and has chosen to accrue vacation time at

expected future rates of pay without discounting. Riverbed uses the following projected rates to accrue vacation time:

Year in Which Vacation Time

Was Earmed

$2022$

$2023$

Projected Future Pay Rates Used

to Accrue Vacation Pay

$$20\mathrm{.}75$ per hour

$$21\mathrm{.}60$ per hour

$($a$)$

Prepare the joumal entries to record the transactions related to vacation entitlement during $2022$ and $2023.($Credit account titles

are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is

required, select $"$No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To accrue the expense and liability for vacations$)$

$($To record vacation time paid$)$

$($To accrue the expense and liability for vacations$)$