Actual Hourly Vacation Days Used Sick Days UsedWage Rate by each employee by eac

Actual Hourly Vacation Days Used Sick Days UsedWage Rate by each employee by each employee2008 2009 2008 2009 2008 2009$10 $11 0 9 4 5Zero
Mostel 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.Instructionsa.) Prepare journal entries to record transactions related to compensated absences during 2008 and 2009.b.)
Compute the amounts of any liability for compensated absences that
should be reported on the balance sheet at December 31 2008 and 2009