Current Attempt in Progress

For $2020,$ Monty Inc. computed its annual postretirement expense as $$263,900.$ Monty's contribution to the plan during $2020$ was

$$206,500.$

Prepare Monty's $2020$ entry to record postretirement expense, assuming Monty has no OCl amounts. $($Credit account titles are

automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit