Pina Company began operations on January 2,2019. It employs 12 individuals who work 8 hour...
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Pina Company began operations on January 2,2019. It employs 12 individuals who work 8 hour day and are paid hourly, Each employee earns 11 paid vacation days and 8 paidd sick days annually. Vacation days may be taken after january 15 of the year following the year in which they are earned Sick day may be taken as voon as they are earned, unused sick doys accumulate, Adititional information is as follows, Pins Company has chosen ta accrue the cost of comoensated absences at rates of pay in elfect during the perlod when earied and to accrue tick Dy when eamed estered Do nat indent nesanally. Prepare lournal entries to record transactions related to compensated absences during 2019 and 2020 . Of no entry 1 rrequired, select "No Entry" for the occount tities ond enter O for the amounts. Credit occount tilite are outomotically indented when amount is entered. Do not indent manuslikd (To accrue the expense and liability for sick pay) (To record vacation bime paid) (To record sick leave pvid)
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