Employer Journal Entries for Defined Contribution Pension The village of Welch's general government employees participate in the village's defined contribution plan. During 2022, the village made $1,440,000 in cash contributions to its employees' individual defined contribution pension retirement accounts. Based on benefit terms, the village of Welch needs to contribute an additional $180,000 during 2022, which had not been contributed by year end. Prepare the journal entries to record the cash contributions and any required year-end accrual. (Assume all entries are made in the village of Welch's General Fund.) Account Debit Credit 0 U To record cash contributions by the village of Welch. 0 0 O To record any_pension liability. Check