Question 1 Blossom Company began operations on January 2, 2016. It employs12individuals who work 8-hour days and are paid hourly. Each employee...

5

Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.

2016

()

2017:

(To accrue the expense and liability for vacations)

(To accrue the expense and liability for sick pay)

(To record vacation time paid)

()