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A Pension Trust Fund pays $1,000,000 of retirement benefits. What journal entry would be necessary to record this transaction? Other financing use--retirement benefits 1,000,000 Cash

A Pension Trust Fund pays $1,000,000 of retirement benefits. What journal entry would be necessary to record this transaction? Other financing use--retirement benefits 1,000,000 Cash 1,000,000 Expenses--retirement benefits 1,000,000 Cash 1,000,000 Deductions--retirement benefits 1,000,000 Cash 1,000,000 Expenditures--retirement benefits Cash 1,000,000 1,000,000

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