QUESTION THREE Th Limited has a 31 December year end. Employees work a 5 day week and are entitled to 20 paid working days of vacation per annum 50 000 R100 000 Employee statistics are as follows: Number of employees Average annual salary: 2017 Unused leave 31 December 2017 Leave taken in the year ended 31 December 2018 S1 S2 : on average, 9 earned in 2018, 5 earned in 2017 S3: alleamed in 2018 10 days 14 days 15 days Leave expected to be taken during the year ended 31 December 2019 S1 & S2: on average, 12 days earned in 2019, 3 days earned in 2018 S3: all days earned in 2019 . Additional information: 1. No employees left or joined the company in the past 2 years. 2. Salaries increased by 20% from 01 January 2018. 3. Past estimates show that management is able to correctly forecast the number of vacation days that will be used in the following financial year. Required: Determine the leave pay provision, and provide the journal at the 31 December 2018 assuming that 3.1. 3.2. Leave accumulates and vests indefinitely Leave accumulates for one year after it accrues but is non-vesting Leave does not accumulate and is non-vesting (10) (10) (10) 3.3. QUESTION THREE Th Limited has a 31 December year end. Employees work a 5 day week and are entitled to 20 paid working days of vacation per annum 50 000 R100 000 Employee statistics are as follows: Number of employees Average annual salary: 2017 Unused leave 31 December 2017 Leave taken in the year ended 31 December 2018 S1 S2 : on average, 9 earned in 2018, 5 earned in 2017 S3: alleamed in 2018 10 days 14 days 15 days Leave expected to be taken during the year ended 31 December 2019 S1 & S2: on average, 12 days earned in 2019, 3 days earned in 2018 S3: all days earned in 2019 . Additional information: 1. No employees left or joined the company in the past 2 years. 2. Salaries increased by 20% from 01 January 2018. 3. Past estimates show that management is able to correctly forecast the number of vacation days that will be used in the following financial year. Required: Determine the leave pay provision, and provide the journal at the 31 December 2018 assuming that 3.1. 3.2. Leave accumulates and vests indefinitely Leave accumulates for one year after it accrues but is non-vesting Leave does not accumulate and is non-vesting (10) (10) (10) 3.3