Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $10,500 for medical Insurance and contribute an additional 4% of the employees' $210,000 gross salaries to a retirement program (1) Record the entry for these accrued (but unpaid) benefits on December 31. (2) Assuming $6,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Journal entry worksheet Record the costs of employee benefits Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal