Question

Tamarisk Company began operations on January 2, 2019. It employs 8 individuals who work 8-hour days and are paid hourly. Each employee earns 9 paid vacation days and 7 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
2019			2020			2019		2020		2019		2020
$7			$8			0		8		5		6

Tamarisk 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.

Please answer the red mark only, thanks a lot

(To record vacation time paid) Salaries and Wages Expense 640 Salaries and Wages Payable 2432 I Cash 3072 (To record sick leave paid) e Textbook and Media List of Accounts - Your answer is partially correct. Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019 and 2020. . 2019 2020 4032 5568 Vacation Wages Payable $ 1586 | Sick Pay Wages Pavable $

Answer 1

Actual Hourly		Vacation Days Used	Sick Days Used
	Wage Rate	by Each Employee	by Each Employee
2019	2020	2019	2020	2019	2020
7	8	0	8	5	6
I need to solve complete in order to get red mark answers

		in $
Date	Accounts title	DR	Cr
2019	Salaries & wages expenses	4032
	Salaries & wages payable		4032
	(to accrue expenses for vacations)
	(8 employees*8*$7*9 paid days)
	Salaries & wages expenses	3136
	Salaries & wages payable		3136
	(to accrue expenses for sick days)
	(8 employees*8*$7*7 paid days)
	Salaries & wages payable	2240
	Cash		2240
	(8 employees*8*$7*5 paid days)
2020	Salaries & wages expenses	4608
	Salaries & wages payable		4608
	(to accrue expenses for vacations)
	(8 employees*8*$8*9 paid days)
2	Salaries & wages expenses	3584
	Salaries & wages payable		3584
	(to accrue expenses for sick days)
	(8 employees*8*$8*7 paid days)
3	Salaries & wages expenses	512
	Salaries & wages payable	3584
	(8 employees*8*$7*8 paid days)
	Cash		4096
	(8 employees*8*$8*8 paid days)
	( to record vacatione time paid)
4	Salaries & wages expenses (bal fig)	128
	Salaries & wages payable	2944
	(8 employees*8*$7*2 paid days)+(8 employees*8*$8*4 paid days)
	Cash		3072
	(8 employees*8*$8*6 paid days)
	( to record sick leave paid)
ans 2		2019	2020
	Vacation wages payable	4032	5056
			(4032+4608-3584)
	Sick wage spayable	896	1536
			(896+3584-2944)
If any doubt please comemnt