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In: Accounting

Vaughn Company began operations on January 2, 2016. It employs12 individuals who work 8-hour days...

Vaughn Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 9 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.

Actual Hourly
Wage Rate


Vacation Days Used
by Each Employee


Sick Days Used
by Each Employee

2016


2017


2016


2017


2016


2017

$9

$10

0
8
4
5


Vaughn Company has chosen to accrue the cost of compensated absences at rates of pay in effect during the period when earned and to accrue sick pay when earned.

Prepare journal entries to record transactions related to compensated absences during 2016 and 2017. (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.)

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ekkarill92 answered 2 years ago
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