Homework Answers
Ans: No of employees=14
No of hours of work= 8 hours/day
Each employee gets 11 Vacation days annually
Avg hourly rate $21 in 2017
22.50 in 2018
Avg vacation days used by each employee= 10
| Date | Account title and explanation | Debit($) | Credit($) |
| 2017 | Wages expense | 25,872 | |
| Vacation wages payable | 25,872 | ||
| (14*8*11*21) | |||
| ( to record the vacation wages due in 2017) | |||
| 2018 | Wages expense | 1,680 | |
| Vacation wages payable(14*8*10*21) | 23,520 | ||
| Cash (14*8*10*22.50) | 25,200 | ||
| (being cash paid for vacation wages) | |||
| 2018 | Wages expense | $27,720 | |
| To vacation wages payable | $27,720 | ||
| (14*8*11*22.50) | |||
| ( to record the vacation wages due in 2018) |
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Question 4 Current Attempt in Progress Snow Cabegan operations on January 2, 2017. It employs 14...
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Shamrock Company began operations on January 2, 2016. It employs 11 individuals who work 8-hour days...
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Exercise 13-3 Sage Company began operations on January 2, 2016. It employs 8 individuals who work 8-hour days and are pa...
Exercise 13-3 Sage Company began operations
on January 2, 2016. It employs 8 individuals who work 8-hour days
and are paid hourly. Each employee earns 10 paid vacation days and
8 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...
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Sarasota Company began operations on January 2, 2016. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 9 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...
Exercise 13-3 Shamrock Company began operations on January 2, 2016. It employs 9 individuals who work...
Exercise 13-3
Shamrock Company began operations on January 2, 2016. It employs 9
individuals who work 8-hour days and are paid hourly. Each employee
earns 9 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...
Vaughn Company began operations on January 2, 2016. It employs 8 individuals who work 8-hour days...
Vaughn Company began operations on January 2, 2016. It employs 8 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 8 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 HourlyVacation Days Used Wage Rate 2016 2017...
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Shamrock Company began operations on January 2, 2016. It employs 11 individuals who work 8-hour days and are paid hourly. Each employee earns 10 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 fallows. Vacation Days Used by Each Employee 2016 2017...
Shamrock Company began operations on January 2, 2016. It employs 11 individuals who work 8-hour days and are paid hourly. Each employee earns 10 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 fallows. Vacation Days Used by Each Employee 2016 2017...
Exercise 13-3 Sage Company began operations
on January 2, 2016. It employs 8 individuals who work 8-hour days
and are paid hourly. Each employee earns 10 paid vacation days and
8 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...
Exercise 13-3
Shamrock Company began operations on January 2, 2016. It employs 9
individuals who work 8-hour days and are paid hourly. Each employee
earns 9 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...
Vaughn Company began operations on January 2, 2016. It employs 8 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 8 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 HourlyVacation Days Used Wage Rate 2016 2017...
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