Vacation pay and pension benefits

Instructions

Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $$40,000$ for the period. The pension formula calculated a pension cost of $$222,750.$ Only $$185,000$ was contributed to the pension plan administrator.

Journalize the entry to record 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 exact wording of account titles