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In: Accountingthis is financial Accounting. please provide the working detailsi can get it. thank you.Vulture...this is financial Accounting. please provide the working detailsi can get it. thank you.Vulture DemolitionLtd has five employees and needs to calculate its Long ServiceLeave (LSL)expense for the year ended 30June 2019. Employees are entitled to 15 weeks LSL after12 years of service. Ifemployees leave the business after 10 years but before 12 yearsthey are entitledto be paid out theiraccumulated LSL. Employees who leave prior to 10 years servicereceive no LSLpayout. The following detailsare supplied by the owners:Name of EmployeeCurrent SalaryYears of ServiceProbability LSL will VestPhineas Mason$18,000430%Herman Schultz$32,000640%Jackson Brice$45,000980%Yu Lew$138,0009Students to determineAdrian Toomes$156,00015Students to determineThe inflation rate ispredicted to be2.80%The interest rate on bondsis:6 year government bond yield3.00%5 year government bond yield2.99%4 year government bond yield2.80%3 year government bond yield2.65%2 year government bond yield2.47%1 year government bond yield2.45%The balance in the provisionaccount at the beginning of the year wasCR$18,560.Required:a)Prepare the journal entires to recognitse thelong-service leave expense for 30 June 2019Show all workings10 Marksb)Prepare the note disclosure regarding thelong-service leave provisions for 30 June 2019.5 Marks