Abusiness provides ts employees with varying amounts of vacation per year depending on the length of employment. The estrated amount of the current year's vacation pay in $140,300 Required: a Journalze the adjusting entry requred on January 31, the end of the first movith of the current year, to record the accrued vacation pay. Retor to the chart of accounts for the exact wording or the account titles. CNOW urrats do not use lines for journal explanations. Every ine on a Journal page is used for debit or credir entries. CNOW ournals will automatically indert a credit entry when a crede amount is entered Round your final answer to the nearest dollar b. Mow is the vacation pay reported on the company's balance sheet? When is the amount removed from the company's balance sheer