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Calculate expected annual sick leace expense for bear ltd

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Question - Bear LTD has weekly payroll of $300,000. The employee receive entitlement to two week's sick leave per year (non-vesting). Past experience, and experience within the industry, suggest that 60 per cent employees use their full two weeks's entitlement each year, 20% of employees will take one week sick leave each year, 10 % of employee will take one day's sick leave each year.

Required -

a. Calculate the expected annual sick leace expense for Bear LTD (on the basis of average salaries).

b. Provide the journal entries necessary to recognise the sick leave entitlement expense as it accrues.

Reference no: EM132620543

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