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Zeile Company began operations on January 2,2024 . It employs 9 individuals who work 8 -hour days and are pard nourly, tach employee earns 10
Zeile Company began operations on January 2,2024 . It employs 9 individuals who work 8 -hour days and are pard nourly, tach employee earns 10 paid vacation days and 6 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: Zeile Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time: Prepare journal entries to record transactions related to compensated absences during 2024 and 2025 . Of no entry henairect, entered. Do not indent manoilly Lit all detit entules before creafle entries) Date Account Tities and Explanation Debit Credit 2024 Salanes and Wages Eperise Sularies and Wabs Payble (To accrue the experise and liability for vacations) Salaries and Wages Epense cosh (To record sick leave paid) Salariks und Wages Epenie Cash (To record vacabon time paid) 2025 Salaries and Wages Epense Sularies and Wages Payble (To accrue the expense and liability for vacations) Solarles and Wages Experue Cash (To record sick leave paid) Solaries and Wapes Esenes Sularies ano Wress Pyyble Oan (To record vacation time paid)
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