Question: ework Question 1 of 5 ./5 E View Policies Current Attempt in Progress Sage Company began operations on January 2, 2019. It employs individuals who


ework Question 1 of 5 ./5 E View Policies Current Attempt in Progress Sage Company began operations on January 2, 2019. It employs individuals who work 8-hour days and are paid hourly. Each 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. Actual Hourly Wage Rate Vacation Days Used by Each Employee 2019 2020 Sick Days Used by Each Employee 2020 2019 2019 2020 $8 0 4 $9 9 5 Sage 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. (a) Tourmalrntries to record transactions related to compensated absences during 2019 and 2020. (If no entry is titles are automatically Date Account Titles and Explanation Debit Credit 2019 (To accrue the expense and liability for vacations) (To accrue the expense and liability for sick pay) (To record payment for compensated time when used by employees) 2020 (To accrue the expense and liability for vacations) Question 1 of 5 75 (To accrue the expense and liability for vacations) (To accrue the expense and liability for sick pay) (To record vacation time paid) (To record sick leave paid)
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