The 100 employees of Ballard Railroad Company began operations on Jan 1, 2017.

Employees work 8 hours per day and earn 10 sick days and 14 vacation days per year and can use them as soon as they are earned. Both accumulate and create balance sheet liabilities for BRC.

Employees, who all earned the same amount, made $17/hr in 2017, $18/hr in 2018, $19/hr in 2019. In 2020 the company suffered a major decline in demand and employees agreed to work for less in order to preserve all of their jobs. In 2020 the employees earned $17/hr.

Sick Days Used By Each Employee:

Vacation Days Used by Each Employee:

Prepare the Journal entries to record transactions related to compensated absences in 2017,2018,2019,2020

Compute the amonts of any liability for compensated absences at year-end 2017,2018,2019,2020.