Harry Ltd provides 4 weeks (20 days) of accumulating vested annual leave for the employees each year of service. The company policy is that annual leave must be taken within 6 months of the end of the period in which it accrues. Annual leave is paid at the base salary rate (which excludes commissions, bonuses and overtime). A 17.5% loading is applied to annual leave payments. The following summary data is derived from Harry Ltd.'s payroll records for the year ended 30 June 2020. Base pay rates have increased during the year. The amounts shown are applicable at 30 June 2020: 260 600 Annual leave Accumulated Taken during Base pay/day Balance b/d 1 July 2019 during year year Employee category S (days) (days) (days) Managers 440 100 200 Sales staff 220 150 630 Office workers 110 120 400 387 Other 100 60 200 240 Additional information After leave taken during the year had been recorded, Harry Ltd's trial balance revealed that the provision for annual leave had a debit balance of $262,460 at 30 June 2020. Required: a) Calculate the amount of annual leave that should be accrued for each employee. (5 marks) b) Prepare journal entries to account for the liability for annual leave at 30 June 2020. (2 marks) Harry Ltd provides 4 weeks (20 days) of accumulating vested annual leave for the employees each year of service. The company policy is that annual leave must be taken within 6 months of the end of the period in which it accrues. Annual leave is paid at the base salary rate (which excludes commissions, bonuses and overtime). A 17.5% loading is applied to annual leave payments. The following summary data is derived from Harry Ltd.'s payroll records for the year ended 30 June 2020. Base pay rates have increased during the year. The amounts shown are applicable at 30 June 2020: 260 600 Annual leave Accumulated Taken during Base pay/day Balance b/d 1 July 2019 during year year Employee category S (days) (days) (days) Managers 440 100 200 Sales staff 220 150 630 Office workers 110 120 400 387 Other 100 60 200 240 Additional information After leave taken during the year had been recorded, Harry Ltd's trial balance revealed that the provision for annual leave had a debit balance of $262,460 at 30 June 2020. Required: a) Calculate the amount of annual leave that should be accrued for each employee. (5 marks) b) Prepare journal entries to account for the liability for annual leave at 30 June 2020. (2 marks)