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Prepare journal entries to recognize appropriate provision

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Reference no: EM133099357

Question - Ikitau Enterpries ltd (Ikatau) manufactures dog bowls and employs two staff, Andrew and Suying.

At the end of the 30 June 2020 each employee has 3 weeks (15 days) of sick leave accumulated and they each receive $4000 per week. Andrews sick leave is accumulating and vesting while Suyings is accumulating but not vesting. The company expects employees Andrew and Suying to take 4 days off their 2019-2020-year sick leave in 2020-2021. Prepare journal entries to recognize the appropriate provision at 30 June 2020.

Reference no: EM133099357

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