Vander Company provides medical care and insurance benefits to its retirees. In the current year, Vander...

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Vander Company provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $9,500 for medical insurance and contribute an additional 5% of the employees' $200,000 gross salaries to a retirement program. (1) Record the entry for these accrued (but unpaid) benefits on December 31 (2) Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 tecord the entry for these accrued (but unpaid) benefits on December 31. View transaction list View journal entry worksheet No Blatts General Journal T December 31 Employee benefits expense Employee medical insurance payable Employee retirement program payable Debit Credit 19,500 9,500 10,000 Check my work Save & Ext Submit (2) Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Complete this question by entering your answers in the tabs below. Check my work Required 1 Required 2 Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet Retirement fabilities to employers who will not be paid retirement benefits within the next year are classified on the balance sheet as Vander Company provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $9,500 for medical insurance and contribute an additional 5% of the employees' $200,000 gross salaries to a retirement program. (1) Record the entry for these accrued (but unpaid) benefits on December 31 (2) Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 tecord the entry for these accrued (but unpaid) benefits on December 31. View transaction list View journal entry worksheet No Blatts General Journal T December 31 Employee benefits expense Employee medical insurance payable Employee retirement program payable Debit Credit 19,500 9,500 10,000 Check my work Save & Ext Submit (2) Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet? Complete this question by entering your answers in the tabs below. Check my work Required 1 Required 2 Assuming $5,000 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet Retirement fabilities to employers who will not be paid retirement benefits within the next year are classified on the balance sheet as