1. Bed Threads Inc.'s defined benefit pension plan requires an annual contribution of $52,750. On the last day of its 2015 fiscal year, the company contributes $40,750 to the pension plan. Prepare the journal entry to record the cost of the fund on March 31, 2015 2. A customer Ff Surfing Sid's brings a lawsuit against the company on December 15, 2015. By the calendar year-end, the company's lawyer expects there is a reasonably possible chance the plaintiff will win the suit. a. What is the correct accounting treatment for 2015? b. If the lawsuit is still open by the 2016 year-end but now with a remote possibility, what is the correct accounting treatment for this year? 3. For the pay period ending February 17, 2015, School Tools had gross sales salaries of S$A,790 and office salaries of $6,400. From these wages, the company withheld $290 of social security taxes, $400 of federal income taxes, and $120 of Medicare taxes. Prepare the journal entry to record the payroll for the period. 4. Palmetto Charms gives each of its employees ten days of paid vacation time per year. The company estimates the vacation pay for the 2015 fiscal year ending on September 30 is $275,000. Prepare the journal entry to record the vacation pay expense. 5. Mountain Time gives its 30 employees one day per month of paid vacation time. The company estimates the average daily wage for an employee is $200. Prepare the journal entry as of the calendar year-end to record the vacation pay expense. 24. RPC Helpers has 250 employees that earn on average a daily salary of $275. The company gives each employee fifteen vacation days per year. Prepare the journal entry to record the vacation pay expense for the 2015 fiscal year ending on March 31. 6. Pet Supply Co. provides a defined contribution pension plan for all employees. The company promises to contribute 7.5% of gross earnings to the pension. During the month of March, employees earned gross earnings of $450,750. Prepare the journal entry to record the expense. 7. Bed Threads Inc. provides a defined contribution pension plan for all employees. The company agrees to contribute 11% of monthly gross earnings to the pension. For the month of May, Bed Threads Inc. records a journal entry that credits Salaries Payable for $14,900. Deductions for the month's salaries totaled $675. Prepare the journal entry to record the expense. 8. Tammys Sites provides a defined contribution pension plan for all employees. The company promises to contribute 10% of monthly gross salaries to the pension. During the month of September employees received $225,700, after withholdings. withholdings and deductions totaled $10,200 for the month. Prepare the journal entry to record the expense