required. Prepare journal entries to record the preceding events,ignoring payroll taxes and assuming that both sick leave and vacation time meet the...

required. Prepare journal entries to record the preceding events,ignoring payroll taxes and assuming that both sick leave and vacation time meet the requirements of GAAP acrrual. 2) Prepare partial interim balance sheet as of June 30,2016 , to disclose the liability created in requirement.3) Next level. Discuss the underlying conceptual basis of accounting for compensated absences..