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Riverbed Limited began operations on January 2,2022. Riverbed employs 11 individuals who work eight-hour days...

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Accounting

Riverbed Limited began operations on January 2,2022. Riverbed employs 11 individuals who work eight-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 follows:
Assume that Riverbed Limited has chosen not to recognize paid sick leave until it is used, and has chosen to accrue vacation time at
expected future rates of pay without discounting. Riverbed uses the following projected rates to accrue vacation time: (b)
Prepare the journal entries to record the transactions related to sick days during 2022 and 2023.(Credit account titles are
automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is
required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
image

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