Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay

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Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $25,000 for the period. The pension formula determined a pension cost of $139,250. Only $105,000 was contributed to the pension plan administrator.
Journalize the entry to record the 

(a) Vacation pay and 

(b) Pension benefit.

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Financial And Managerial Accounting

ISBN: 9780357714041

16th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

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