VIOLIVE TW Accrued vacation pay Chart of Accounts Journal Final question Instructions A business provides its omployees with varying amounts of vacation per year, depending on the length of unciloyment. The estimated amount of the current year's vacation pays $40.000 Required: 2. Joumalize the aduting entry required on January 31, he end of the first month of the current year to record the scened vacation Pay Peter to the Chart of Accounts for exact wording of accountities 5. How is the vacation pary reported on the company's balance sheet? When is this amount removed from the company's balance sheet - Journalse the namang anty required on January 31, no end of the treatment or the curent year, to record the served vacation pay Futer to the Charter Accounts ter exact working Account NGE JOURNAL ACCOUNTING EQUATION BE POSE ME DOBIT CREDIT DESCRIPTION Adjusting Eles ASSETS LES COUNTY Final Question . How is the vacation pay reported on the company's balance sheet? uniss employees are allowed to accumulate their vacation pay for use in future years When is this amount removed from the company's balance sheer