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TamariskCompany began operations on January 2, 2019. It employs10individuals who work 8-hour days and are paid hourly. Each employee earns11paid vacation days and7paid sick days

TamariskCompany began operations on January 2, 2019. It employs10individuals who work 8-hour days and are paid hourly. Each employee earns11paid vacation days and7paid 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.

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Tamarisk Company began operations on January 2, 2019. It employs 10 individualswho work 8-hour days and are paid hourly. Each employee earns 11 paid vacation days and 7 paid sick days annually. Vacation days may be ta ken after January 15 of the year fol lowingthe year in which they are earned. Sick days may be ta ken as soon as they are earned; unused sick days accumulate. Additional information is as follows. Actual Hourly Vacation Days Used Sick Days Used Wage Rate by Each Employee by Each Employee 2019 2020 2019 2020 2019 2020 $11 $12 0 10 4 6 Tama risk Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at apected future rates of pay without discounting. The company used the fol lowing projected rates to accrue vacation time. Year in Which Vacation Projected Future Pay Rates Time Was Earned Used to Accrue Vacation Pay 2019 $11.83 2020 12.76 Prepare journal entries to record transactions related to compensated absences during 2019 and 2020. (if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e3. 5,125.) Date Account Titles and Explanation Debit Credit #gg (To accrue the expense and liability for vacations) (To record sick leave paid) (To record vacation time paid) 2020 I I I (To accrue the expense and liability for vacations) (To record sick leave paid) (To record vacation time paid)

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