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Date Account Titles and Explanation 2025 Salaries and Wages Expense 2026 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) No Entry No Entry (To record vacation time paid) Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) Salaries and Wages Expense Salaries and Wages Payable Cash Debit 17.160 6,240 18,720 8,064 288 15,840 Credit 17,160 6,240 18,720 8,064 16,128

Date Account Titles and Explanation 2025 Salaries and Wages Expense 2026 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) No Entry No Entry (To record vacation time paid) Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) Salaries and Wages Expense Salaries and Wages Payable Cash Debit 17.160 6,240 18,720 8,064 288 15,840 Credit 17,160 6,240 18,720 8,064 16,128

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Date Account Titles and Explanation 2025 Salaries and Wages Expense 2026 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) No Entry No Entry (To record vacation time paid) Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) Salaries and Wages Expense Salaries and Wages Payable Cash (To record vacation time paid) Debit 17.160 6,240 0 18,720 8,064 288 15,840 Credit 17.160 |||||||||| 6,240 18.720 8,064 16.128
Transcribed Image Text:Date Account Titles and Explanation 2025 Salaries and Wages Expense 2026 Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) No Entry No Entry (To record vacation time paid) Salaries and Wages Expense Salaries and Wages Payable (To accrue the expense and liability for vacations) Salaries and Wages Expense Cash (To record sick leave paid) Salaries and Wages Expense Salaries and Wages Payable Cash (To record vacation time paid) Debit 17.160 6,240 0 18,720 8,064 288 15,840 Credit 17.160 |||||||||| 6,240 18.720 8,064 16.128
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2026 (b) (To record vacation time paid) Salarles and Wages Expense Salarles and Wages Payable (To accrue the expense and liability for vacations) Salarles and Wages Expense Cash (To record sick leave paid) Salarles and Wages Expense Salarles and Wages Payable Cash (To record vacation time paid) * Your answer is incorrect. Accrued liability $ e Textbook and Media 2025 20904 $ 69 Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2025 and 2026. 2026 18,720 27240 8,064 288 15,840 18,720 8,064 16,128
Transcribed Image Text:2026 (b) (To record vacation time paid) Salarles and Wages Expense Salarles and Wages Payable (To accrue the expense and liability for vacations) Salarles and Wages Expense Cash (To record sick leave paid) Salarles and Wages Expense Salarles and Wages Payable Cash (To record vacation time paid) * Your answer is incorrect. Accrued liability $ e Textbook and Media 2025 20904 $ 69 Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2025 and 2026. 2026 18,720 27240 8,064 288 15,840 18,720 8,064 16,128
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