(Solved): Help needed with journal entries Date Account Titles and Explanation 2025 2025 No Entry No entry ( ...

Date Account Titles and Explanation 2025 2025 No Entry No entry (To accrue the expense and liability for vacations) Salaries and Wages Expense Salaries and Wages Payable (To record sick leave paid) Salaries and Wages Expense Salaries and Wages Payable (To record vacation time paid) 2026 Debit Credit 0 6,240 Salaries and Wages Payable (To accrue the expense and liability for vacations) (To accrue the expense and liability for vacations) (To record sick leave paid) (To record vacation time paid) Riverbed Company began operations on January 2, 2025. It employs 12 individuals who work 8-hour days and are paid hourly. Each employee earns 13 paid vacation days and 8 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. Riverbed Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. The company used the following projected rates to accrue vacation time.