Peyton Approved has revised its postretirement plan. It will now provide health insurance to retired employees. Management has requested that you report the short- and long-term financial implications of this.The company is currently employing 60, and actuaries estimate that the company has a pension liability of $107,041.70.The estimated cost of retired employees' health insurance is $43,718.91.

I need some help with the adjusting atries for the pension liability and the health insurance liability

Six ovens were rented on December 31, with $20,000 charged to rent expense. The lease runs for 6 years with an implicit interest rate of 5%. At the end of the 6 years, Peyton will own them. Make any necessary adjusting entries.