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On 1 July 2018 Alex Kim commenced employment with Cambridge Ltd. During the year ended 30 June 2021, Alex was paid $900 per week (an annual salary of $46,800). His only weekly deductions were $250 for PAYG tax instalments. Alex has an entitlement to four weeks' annual leave each year and a 17.5% annual leave loading. The annual leave is accumulating and vesting. During the year ended 30 June 2021, Alex took one week of annual leave. The PAYG tax deducted for this week was $300. Alex also has an entitlement to 10 days sick leave each year. The sick leave is non-accumulating and non-vesting. During the year ended 30 June 2021, Alex took four days' sick leave. Cambridge Ltd provides Alex with 13 weeks of long-service leave (LSL) after 10 years of continuous service. The following information in relation to Alex is available for the year ended 30 June 2021: Projected salary when long-service leave vests: $120,000 Years of service to date: 3 years Probability that Alex remains for the vesting period: 20% The corporate bond rate with a period to maturity of 7 years: 5% The total long-service leave liability as at 30 June 2020: $750 Problem (a) Provide the journal entries for Alex Kim that would be recorded each non-leave week during the year ended 30 June 2021. Problem (b) Provide the journal entries for the one week of annual leave taken by Alex Kim during the year ended 30 June 2021.
Problem (c) Provide the journal entry for the four days' sick leave taken by Alex Kim during the year ended 30 June 2021. Problem (d) Provide the journal entry for the year ended 30 June 2021 in relation to Alex Kim's entitlement to long-service leave
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