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Prepare journal entries to record transactions

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Question - Assume the facts inE13-3 except that Matt Broderick 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. Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.

Reference no: EM131625570

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