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For 2025, Crane Inc. computed its annual postretirement expense as $238,300. Crane's contribution to the plan during 2025 was $175,700. Prepare Crane's 2025 entry
For 2025, Crane Inc. computed its annual postretirement expense as $238,300. Crane's contribution to the plan during 2025 was $175,700. Prepare Crane's 2025 entry to record postretirement expense, assuming Crane 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.) Account Titles and Explanation Debit Credit
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