A business providns its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation pay is 540,800 Required: a. Joumalize the adjusting entry required an January 31 , the end of the fist month of che current year, fo record the accrued vacetion pay Refer to the Chart of Accounts for exact wording of account takes b. How is the vacabon pay reported on the company's balance sheel? When is this amount removed from the company's balance sheet? D. How is the vacabion pay reported on the campany's balance sheet? unless employees are allowed to accumulate their vacation pay for use in future years. When is this amount removed from the camparys balance sheet