Question
Sage Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid
Sage Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 8 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.
Actual Hourly Wage Rate | Vacation Days Used by Each Employee | Sick Days Used by Each Employee | ||||||||||
2016 | 2017 | 2016 | 2017 | 2016 | 2017 | |||||||
$12 | $13 | 0 | 9 | 6 | 7 |
Can you please find the sick paid leave salary expense and payable. It should be a Debit: Salary & Wage Expense ? Debit: Salary and Wage Payable? Credit: Cash 8736 | ||||||||||||
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