Tailem Ltd commenced business on 1 July 20X1 The company provides sick leave entitlement of 5 days per annum for their employees The entitlements are accumulating and non vesting Leave is taken first out of the current periods entitlement before accessing the accumulated balance Each employee had accumulated 6 days of leave by 30 June 20X3 The following information has been obtained from Tailem Ltds payroll records and actuarial assessments for the year ended 30 June 20X4 The company has 21 employees The base pay per employee is $300 per day On average, 8 leave days were taken per employee during the year ended 30 June 20X3 The actuary has estimated that 31 of the accumulated leave would be taken the following year Required Write in the box below the balance of the Provision for Sick Leave account that would appear in the financial statements of Tailem Ltd at 30 June 20X4, in accordance with the requirements of AASB 119 Employee Benefits Do not write any dollar signs, negative signs, brackets or spaces in your answer

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Tailem Ltd commenced business on 1 July 20X1. The company provides sick leave entitlement of 5 days per annum for their employees. The entitlements are

Tailem Ltd commenced business on 1 July 20X1. The company provides sick leave entitlement of 5 days per annum for their employees. The entitlements are accumulating and non-vesting. Leave is taken first out of the current periods entitlement before accessing the accumulated balance. Each employee had accumulated 6 days of leave by 30 June 20X3. The following information has been obtained from Tailem Ltds payroll records and actuarial assessments for the year ended 30 June 20X4.

The company has 21 employees
The base pay per employee is $300 per day
On average, 8 leave days were taken per employee during the year ended 30 June 20X3
The actuary has estimated that 31% of the accumulated leave would be taken the following year.

Required: Write in the box below the balance of the Provision for Sick Leave account that would appear in the financial statements of Tailem Ltd at 30 June 20X4, in accordance with the requirements of AASB 119: Employee Benefits. Do not write any dollar signs, negative signs, brackets or spaces in your answer.