Vacation Pay and Pension Benefits Osterman Company provides its employees with vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $23,500 for the period. The pension plan requires a contribution to the plan administrator equal to 5% of employee salaries. Salaries were $251,000 during the period, and the full amount due was contributed to the pension plan administrator. Required: (a) Provide the journal entry for the vacation pay. (b) Provide the journal entry for the pension benefit