McWilliams Ltd$.$ uses IFRS reporting and has two employees.$$ Both employees are paid $365,000$ Yuan per year.$$ Both employees are owed $30$ days leave per year. Both employees took $20$ days leave in $2024$ based on a $365-$day year.$$ Both are expected to work $5$ days a week.$$ Both have accumulating leave but cannot convert leave not taken into cash.

Required:

Show all journal entries and calculate any leave provision to be raised at year$-$end December $31,2024,$ assuming that:

a$)$ The leave is allowed to accumulate indefinitely.

b$)$ The leave is allowed to accumulate for one year only, after which it is forfeited, assuming that both employees take $3$ days leave each from the $2024$ entitlement leave in $2025.$