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Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below. 1. The adjusting entry to record accrued vacation
Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below. 1. The adjusting entry to record accrued vacation at year-end would include a a. debit; Vacation Pay Expense b. credit; Cash c. debit; Vacation Pay Payable d. credit; Vacation Pay Expense 2. Assume that Hartmann Company contributes 15% of employee monthly salaries to an employee 401k plan. Assuming $600,000 of monthly salaries, the journal entry to record the monthly contribution would include a for $90,000. to a. debit; Pension Expense b. debit; Cash c. debit; Unfunded Pension Liability d. credit; Unfunded Pension Liability to 3. All of the following would be considered examples of employer postretirement benefits EXCEPT a. social security. b. dental care. c. tax services. d. medical care.
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