Iam struggling with those two questions plese be clear.

Chart of Accounts Journal Final Question Instructions On the first day of the fiscal year, Shiller Company borrowed $80,000 by giving a seven-year, 11% installment note to Soros Bank. The note requires annual payments of $16.977, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $8,800 and principal repayment of $8,177. Required: a. Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account titles. 1. issued the installment note for cash on the first day of the fiscal year. 2. Pald the first annual payment on the note. b. Explain how the notes payable would be reported on the balance sheet at the end of the first year. III structions Journal he a. Journalize the entries to record the selected transactions. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT PAGE 10 ACCOUNTING EQUATION LIABILITIES ASSETS EQUITY Instructions Journal Final Question b. Explain how the notes payable would be reported on the balance sheet at the end of the first year Notes payable are reported as labilities on the balance sheet. The portion of the note payable that is due within The remaining portion of the note payable that is not due within that period of time is reported as a(n) is reported as a 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. Required: a. Journalize 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 of account titles b. How is the vacation pay reported on the company's balance sheet? When is this amount removed from the company's balance sheet? Instructions Journal Chart of Accounts Final question Instructions Journal a. Journalize 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 of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION POST. REF. CREDIT DEBIT LIABILITIES DESCRIPTION DATE Adjusting Entries ASSETS EQUITY III Instructions Journal Final question a. wo b. How is the vacation pay reported on the company's balance sheet? When is this amount removed from the company's balance sheet? ~M unless employees are allowed to accumulate their vacation pay for use in future years. art EQU TIES