from Year 1 until the time they used their carryover. Total cash wages paid: Year 1, \$1,120,000; Year 2, \$1,184,000. There was no carryover of vacation time earned in Year 2. Required a. Provide the entry for Ulta Inc. to (1) accrue compensated absences on December 31 of Year 1, and (2) make payment of vacation days in Year 2. Disregard payroll taxes. o. Compute the total amount of salaries expense for Year 1 and for Year 2. c. How would the vacation time carried over from Year 1 affect the December 31 of Year 1 balance sheet 
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