Read and complete the case from 2 in your text. Then upload a Word document (1-2 pages) to this assignment. 2.9

Employee Vacations Johnson Company offers 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 vacation leave, the employee may carry forward unused vacation days for up to five years before they expire. At present, Johnson's employees have an average tenure of 4.1 years with the company. Six months ago, Johnson Company hired a new employee. What accounting is required by Johnson, and when, for this employee's vacation benefits? Required:

1. Citing from the guidance as support, discuss what accounting is required.

2. Discuss the appropriate timing.