Question: please dont answer with chat GPT and answer this correct , Kristol Glass Company [ KGC ] provides its 1 0 0 employees with a
please dont answer with chat GPT and answer this correct Kristol Glass Company KGC provides its employees with a comprehensive benefits
package. As part of this package, KGC allows each of its employees paid sick days per
year. The average wage rate for the current year is $ per day. If employees do not take the
sick days in the current year, the days carry over indefinitely and will be paid to the employee
when claimed. In employees took of the days during the current year and carried
over the remaining sick days. Assume there were no sick days carried over from
Required
Prepare the journal entry to record the sick days for
Prepare the journal entry required to record the payment of the sick days remaining from
in the following year assuming that employees take all remaining days carried over.
Ignore the sick days earned in
Independent of your answers to parts and above, now assume that the wage rate
increased to $ per day in Prepare the journal entry to record the sick days taken
in assuming that all sick days carried over from were the ones taken.
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