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Campbell Soup Company reported pension expense of $98 million and contributed $83.5 million to the pension fund. Prepare Campbell's journal entry to record pension expense
Campbell Soup Company reported pension expense of $98 million and contributed $83.5 million to the pension fund. Prepare Campbell's journal entry to record pension expense and funding, assuming campbell has no OCI amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Enter amount in dollars instead of million dollars.) Account Titles and Explanation Pension Expense Cash Pension Asset/Liability Debit 98 Credit 83.5 14.5
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