instructions A business provides 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 $30,000 ccrued vacation pay Chart of Accounts Journal Final question Instructions Journal A Joumalize the adjusting entry required on January 31, the end of the first month of the current year to record the accrued vacation pay Refer to the Chart of Accounts for exact wording or cocunt libee JOURNAL ACCOUNTINO EQUATION DATE POST RIOT DEBIT CABIT ASSETS LABUITIES LOUITY DESCRIPTION Adjusting Entries 2 Ched: My Work me fit word Journal Final question ructions Hal Final question B. How is the vacation pay reported on the company's balance sheet? unless employees are allowed to accumulate their vacation pay for use in future years. When is this amount removed from the company's balance sheet