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At the end of the current year, Eastern Electric received the following information from its actuarial firm. Pension expense Postretirement benefits expense $2,eee, eae 750,eee
At the end of the current year, Eastern Electric received the following information from its actuarial firm. Pension expense Postretirement benefits expense $2,eee, eae 750,eee The pension plan is fully funded. Eastern Electric has funded only 40 percent of the nonpension postretirement benefits this year. a-b. Record pension expense and nonpension postretirement benefit expenses for the entire year. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the payments to a fully funded pension plan. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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