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Pension plan entries bratructions Chart of Accounts Journal Final question Instructions Yurl Cooperates a chain of gift shope. The company maintains a defined contribution pension

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Pension plan entries bratructions Chart of Accounts Journal Final question Instructions Yurl Cooperates a chain of gift shope. The company maintains a defined contribution pension plan for its employees. The plan requires quarterly installments to be pard to the funding agent, Whims Funds, by the fifoenth of the month following the end of each quarter. Assume that the pension cost is $385,000 for the quarter ended December 31 Required: Joumatre the entries to record the scored pension Katywy on December 31 (on page 17 of the journa) and the payment to the funding agent on January 15 (on page 12 of the journal). Refer to the Chart or Accounts for exact wording of accountines b. How does a defined contribution plan eller from a delicad. Benedictor

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