Jefferson County Jefferson County allows its employees two weeks of paid vacation starting in their second year of employment. Per company policy, if an employee leaves within his/her first year of employment, no benefit is paid to that employee. Once an employee becomes entitled to the vacation leave, the employee may carry forward unused vacation days for up to five years before they expire. At present, Jefferson Countys employees have an average tenure of 4.1 years with the company. Six months ago (on Jan. 1, 20X3), Jefferson County hired a new employee earning an annual rate of $70,000. On the employees one-year anniversary, the employees salary will increase to $75,000.

What accounting is required by Jefferson County, and when, for this employees vacation benefits?