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Martin Services Company provides its employees vacation benelits and a defined contribution pension pan Employees earned vacation pay of 543,000 for the period. The pension

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Martin Services Company provides its employees vacation benelits and a defined contribution pension pan Employees earned vacation pay of 543,000 for the period. The pension plan requires a contribution to the plan administrator equal to 1% of employee salaries Sataries were 5000,000 during the period. Required: Provide the journal entries for (a) the vacation pay and (b) the pension benent Refer to the Chart of Accounts for exact wording of account Mies

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