Nakajima Company provides its employees with vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $22,500 for the period. The pension plan requires a contribution to the plan administrator equal to 6% of employee salaries. Salaries were $264,000 during the period, and the full amount due was contributed to the pension plan administrator Required: On December 31, provide the journal entry for the (a) vacation pay on page 11 of the journal and (b) pension benefit on page 12 of the journal Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered On December 31, provide the journal entry for the (a) vacation pay on page 11 of the journal and (b) pension benefit on page 12 of the journal. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered CATE DESCRIPTION Adjusting Entries JOURNAL PAGE 11 PAGE 12 ACCOUNTING EQUATION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY