A business provides its employees weth varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacotion pay is $109,800 Journalize the adjusting entry fequired on lanuary J1, the end of the first inanth of the cutrent year, to record the accrued vacation pay, b. How is the vacation pay reported on the company's balance shicet? , unless employees are allowed to accumulate their vacation pay for use in future years, When is this amount intmoved from the compariy's balance sheet