World Health Drug Stores provide their employees with company-paid life insurance, dental and vision care coverage,...

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World Health Drug Stores provide their employees with company-paid life insurance, dental and vision care coverage, and a non-contributory pension plan. World Health records the insurance premiums payable for life, dental and vision care in one liability account. For the month of August 20XX, the expenses for these benefits were as follows Group term life insurance premiums $ 200.00 Dental plan premiums $243.83 Vision care premiums $186.40 Pension plan payments $2009.12 D 1 Prepare the necessary Journal entry. 2 World Health Drug Stores provide their employees with company-paid life insurance, dental and vision care coverage, and a non-contributory pension plan. World Health records the insurance premiums payable for life, dental and vision care in one liability account. For the month of August 20XX, the expenses for these benefits were as follows Group term life insurance premiums $ 200.00 Dental plan premiums $243.83 Vision care premiums $186.40 Pension plan payments $2009.12 D 1 Prepare the necessary Journal entry. 2

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Journal Entries Recording of the group term life insur... View the full answer