Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $20,000 for the period. The pension formula determined a pension cost of $232,000. Only $13,920 was contributed to the pension plan administrator. Question Content Area a. Journalize the entry to record the vacation pay. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                 Feedback Area   Feedback   Question Content Area b. Journalize the entry to record the pension benefit. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $20,000 for the period. The pension formula determined a pension cost of $232,000. Only $13,920 was contributed to the pension plan administrator.

Question Content Area

a. Journalize the entry to record the vacation pay. If an amount box does not require an entry, leave it blank.

blank Account Debit Credit
blank
 
   
 
 
   
 

Feedback Area

 
Feedback
 

Question Content Area

b. Journalize the entry to record the pension benefit. If an amount box does not require an entry, leave it blank.

blank Account Debit Credit
blank
 
   
 
 
   
 
 
   
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