Question: This is the complete question Bear Island Ltd has a weekly payroll of $400,000. The employees receive entitlements to 3 weeks sick leave per year.

This is the complete question

This is the complete question Bear Island Ltd has
Bear Island Ltd has a weekly payroll of $400,000. The employees receive entitlements to 3 weeks sick leave per year. The sick-leave entitlements are classified as nonvesting. Past experience, and experience within the industry, suggest that 60 percent of employees will use their full 3 weeks' entitlement each year; 10 percent of employees will take 1 weeks' sick leave each year, and 15 percent of employees will take 2 day's sick leave each year. a) Calculate the expected annual sick leave expense for Bear Island Ltd (on the basis of average salaries) Calculations Total Total annual suck leave expense b) Provide the journal entries necessary each week to recognize the sickleave entitlement expense as it accrues. Debit/Credit Description Debit amount Credit amount

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