Bcorp. has an employee benefit plan for compensated absences that gives each employee 10 paid vacation days and 10 paid sick days. both vacation and sick days can be carried over indefinitely. employees can elect to receive payment in lieu of vacation days; however, no payment is given for sick days not taken. at december 31, 2018, b's unadjusted balance of liability for compensated absences was $44,000. b estimated that there were 320 total vacation days and 160 sick days available at december 31, 2018. b's employees earn an average of $202 per day. in its december 31, 2018, balance sheet, what amount of liability for compensated absences is b required to report?

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.