1. Universal Co. began operations on January 2, 2018. It employs 30 people who work 8-hour days. Each employee earns 10 paid vacation days annually. Vacation days may be taken after January 10 of the year following the year in which they are earned. The average hourly wage rate was $20 in 2018 and $22 in 2019. The average vacation days used by each employee in 2019 was 9.

Required:

1. If Universal Co. accrues the cost of compensated absences at rates of pay in effect when earned, prepare the journal entries to record the transactions related to vacation days compensation during 2018 and 2019.