Pearl Company began operations on January 2, 2025. It employs 11 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. Actual Hourly Wage Rate Vacation Days Used by Each Employee Sick Days Used by Each Employee 2025 2026 2025 2026 2025 2026 $8 $9 0 10 4 5 Pearl 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. (a) Your answer is partially correct. 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit 2025 Salaries and Wages Expense 2026 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for sick pay) Salaries and Wages Payable Cash (To record payment for compensated time when used by employees) Salaries and Wages Expense Salaries and Wages Pavable

Only need help with part B

Mat Broderick Company began operations on January 2, 2016. It employees 9 invividuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation day 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: Actual Hourly Wage rate: 2016-$10.00 - 2017-$11 Vacation Days Used by each employee - 2016-0 days and 2017-9 days Sick Days Used by Each Employee - 2016 -4 days and 2017 5 days Assume the facts above except that Matt Broderick Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time. yr vacation was earned - 2016 rate of pay $10.75 yr vacation was earned - 2017 rate of pay $11.60 Instructions: prepare journal…

McFriend Inc. records its liabilities for employees’ vacations at the end of each month. McFriend has 50 employees who are paid an average of $176 per day. The company allows 10 paid vacation days per year. For the August 31 payroll, McFriend pays its employees $160,000 for time worked and $10,000 for vacation taken. Required: Prepare the journal entry to record McFriend’s August 31 payroll.

A company gives each of its 65 employees (assume they were all employed continuously through 2020 and 2021) 12 days of vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2020, they made $25 per hour and in 2021 they made $28 per hour. During 2021, they took an average of 9 days of vacation each. The company's policy is to record the liability existing at the end of each year at the wage rate for that year. What amount of vacation liability would be reflected on the 2020 and 2021 balance sheets, respectively? O $156000; $218400 O $174720; $215400 O $156000; $215400 O $174720; $218400

Zennia Company provides its employees with varying amounts of vacation per year, depending on their length of employment.  The estimated amount of the current year’s vacation cost is $135,000.  On December 31, the end of the current year, the current month’s accrued vacation pay is

Gonzalez Co. accrues the liability for vacation pay at the rate of pay in effect when the compensated time is earned. Gonzalez has 90 employees who all work 8-hour days. The employees earn 12 paid vacation days per year. They may take those vacation days any time after the year in which the days are earned. Information about the rates of pay, vacation days earned, and vacation days used for 2020, 2021, and 2022 is as follows:   Year Hourly wages Vacation days earned by each employee Vacation days used by each employee 2020 $30.00 12 0 2021 $31.00 12 9 2022 $32.00 12 12   What amount should Gonzalez present on its December 31, 2022 balance sheet as its liability for vacation pay?

February 18, 2022 is the end of the final pay period for the month. Schwartz has sold $8,900 of product during this pay period at a 3 percent commission. Complete the payroll register for the period's gross pay. Pay will be disbursed on February 22, 2022, and check numbers will continue from prior payroll. Hours over 80 (40 for Shangraw) will be considered overtime for eligible employees. The hours for the nonexempt employees are as follows: Hours worked 2/7-2/18 82 hours 80 hours 42 hours 81 hours Towle Long Name Shangraw Success (You) Required: Complete the payroll register for the period's gross pay. Pay will be disbursed on February 22, 2022. Check numbers will continue from the prior payroll period. Note: Round your answers for "Hourly Rate or Period Wage" to 5 decimal places and all other answers to 2 decimal places. Hours should be entered as whole numbers. P/R End Date Check Date Name Thomas Millen Avery Towle Charlie Long Mary Shangraw Kristen Lewis Joel Schwartz Toni Prevosti…

Prepare journal entries to record the following transaction: Ulta Inc. allows each employee to earn 15 paid vacation days each year with full pay. Unused vacation time can be carried over to the next year. By the end of 2020, three employees carried over to 2021 a total of 20 vacation days, which is represented 2020 salary of $6,000

At vision club company office workers are emplyoed for a 40-hour workweek on either an annual or a monthly salary basis. Given on the form below are the current annual and monthly salary rates for five office workers for the week ended December 13,2019(50th pay day of the year) In addition, with this pay these employees are paid  their sliding-scale annual bonuses.  The bonuses are listed on the register  For each worker, compute: 1.Regular earnings for the weekly payroll ended December 13,2019 2. Overtime earnings (if applicable) 3. Total regular. Overtime earnings and bonus 4. FICA taxable wages for this pay period. 5. FICA Taxes to be withheld for this pay period.