At the end of the year. Loretto Company added its annual cash investment of $100,000 to its plan assets. The company's pension expense totaled $90,000 for the year. The plan made payments totaling $30,000 to Loretto's retirees during the year. Prepare the appropriate journal entry to record the payments to its retirees. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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Journal entry worksheet A Record the payments to its retirees. Note: Enter debits before credits. Event 1 Record entry General Journal Clear entry Debit Credit View general journal > Journal entry worksheet A Record the payments to its retirees. Note: Enter debits before credits. Event 1 Record entry General Journal Clear entry Debit Credit View general journal >

Answer rating: 100% (QA)

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