Question: Need help with the ones marked in red. Please show work for them Riverbed Company began operations on January 2, 2025. It employs 12 individuals



Need help with the ones marked in red. Please show work for them
Riverbed Company began operations on January 2, 2025. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 11 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. Riverbed 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 2025 and 2026 . (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. List all debit entries before credit entries.) 2026 Salaries and Wages Expense 9504 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense 5184 Salaries and Wages Payable 5184 (To accrue the expense and liability for sick pay) Salaries and Wages Expense 960 Salaries and Wages Payable 7680 Cash (To record vacation time paid) Salaries and Wages Expense 1056 Salaries and Wages Payable 3264 Cash 4320 (To record sick leave paid)
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