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all the numbers in the general journal are wrong. Please help! the general journey answers are wrong! this is the last picture On January 1,2016,
all the numbers in the general journal are wrong. Please help!
the general journey answers are wrong! this is the last picture
On January 1,2016, Flash and Dash Company adopted a healthcare plan for its retired employees. To determine eligibility for benefits, the company retroativaly gives credit to the dale of hire for each employee. The following information is available about the plan: Flash and Dash Company General Ledger ASSETS 111 Cash 121 Accounts Receivable 141 inventory 152 Prepaid Insurance 181 Equipment 198 Accumulated Depreciation REVENUE 411 Sales Revenue EXPENSES 500 Cost of Goods Sold 511 Insurance Expense 512 Utilities Expense 521 Salaries Expense LABILTIES 211 Accounts Payable 231 Salaries Payable 250 Unearned Revenue 252 Accrued Postretirement Benefit Cost 261 Income Taxes Payable 523 Postretirement Benefit Expense 532 Bad Debt Expense 540 interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 910 income TaxExpense EQUITY 311 Common Stock 331 Retained Earnings 916 Other Comprehensive income: Prior Service Cost Prepare the entries to record: 1. the prior service cost on January 1 2. the postretirement benefit expense for 2016 on December 31 3. the payments to retired employees during 2016 on December 31 4. the amortization of prior service cost on December 31 All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. GENERAL JOURNAL Score: 31/1 Step by Step Solution
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