Class3-more problems

Class3-more problems - EXERCISE 13-5(a 2006 To accrue...

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EXERCISE 13-5 (a) 2006 To accrue expense and liability for compensated absences Wages Expense. ........ 11,520 Vacation Wages Payable. ......... 7,200 (1) Sick Pay Wages Payable. ......... 4,320 (2) To record payment for compensated time when used by employees Sick Pay Wages Payable. ......... 2,880 (3) Cash. .... 2,880 2007 To accrue expense and liability for compensated absences Wages Expense. ....................................................... 12,672 Vacation Wages Payable. .............................. 7,920 (4) Sick Pay Wages Payable. .............................. 4,752 (5)
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To record payment for compensated time when used by employers Wages Expense. ....................................................... 792 Vacation Wages Payable. ........................................ 6,480 (6) Sick Pay Wages Payable. ........................................ 3,816 (7) Cash. ............................................................... 11,088 (8)
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EXERCISE 13-5 (Continued) (1) 9 employees X $10.00/hr. X 8 hrs./day X 10 days =
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Class3-more problems - EXERCISE 13-5(a 2006 To accrue...

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