Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pina company began operations on january 2,2019. i

Pina Company began operations on January 2,2019. It employs 12 individuals who work 8 hour...

90.2K

Verified Solution

Question

Accounting

image
image
image
Pina Company began operations on January 2,2019. It employs 12 individuals who work 8 hour day and are paid hourly, Each employee earns 11 paid vacation days and 8 paidd sick days annually. Vacation days may be taken after january 15 of the year following the year in which they are earned Sick day may be taken as voon as they are earned, unused sick doys accumulate, Adititional information is as follows, Pins Company has chosen ta accrue the cost of comoensated absences at rates of pay in elfect during the perlod when earied and to accrue tick Dy when eamed estered Do nat indent nesanally. Prepare lournal entries to record transactions related to compensated absences during 2019 and 2020 . Of no entry 1 rrequired, select "No Entry" for the occount tities ond enter O for the amounts. Credit occount tilite are outomotically indented when amount is entered. Do not indent manuslikd (To accrue the expense and liability for sick pay) (To record vacation bime paid) (To record sick leave pvid)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

and MJ 16 4 In the diagram below LM 19 6 LN 24 5 9...

Mechanical Engineering
1.2K views

Describe how the capabilities of humans versus machines drive the allocation of functions in human-centered design....

Physics
1.2K views

7 6 Water from a tap emerges vertically downwards with an initial speed of 1...

Basic Math
1.2K views

a-bedIn order to solve the equation above for c, you must multiply both sides of...

Algebra
1.2K views

An airplane has an air speed of 230 miles per hour and a compass heading...

Algebra
1.2K views

the following compound inequality Step 2 of 2 Graph the solution set AnswerHow to enter...

Accounting
1.2K views

Please answer and show work Irving Corporation uses an activity-based...

Accounting
1.2K views

The variatie manufacturing costs per...

Accounting
1.2K views

Required information Information on the actual sales and inventory purchases of the Law Company for...

Accounting
1.2K views

Key Pay is not an accounting package, but it generates information which is needed to...

Accounting
1.2K views

QUESTION ONE The following are the financial statements of HMK Limited as at 31...

Accounting
1.2K views

Help po. 1. The treasury shares were acquired by the corporation at P100 per share....