=+PE 11-5B Journalize payroll tax obj. 3 EE 11-5 p. 496 Blount Company provides its employees with
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=+PE 11-5B Journalize payroll tax obj. 3 EE 11-5 p. 496 Blount Company provides its employees with vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $30,000 for the period. The pension plan requires a contribution to the plan administrator equal to 10% of employee salaries. Salaries were $400,000 during the period.
Provide the journal entry for the
(a) vacation pay and
(b) pension benefit.
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