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Manfield Company provides its employees with vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $47,200 for the period. The pension
Manfield Company provides its employees with vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $47,200 for the period. The pension formula indicated a pension cost of $341,720. Only $295,800 was contributed to the pension plan administrator. Question Content Area Required: a. Provide the journal entry for the vacation pay. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - Question Content Area b. Provide the journal entry for the pension benefit. If an amount box does not require an entry, leave it blank
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