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Business, 18.12.2019 23:31 michelleperezmp58
The pension plan for gl inc. requires a contribution to the plan administrator equal to 11% of employee salaries. salaries were $575,600 for the period. the journal entry to record the pension benefit would include a. a debit to cash for $63,316. b. a credit to cash for $63,316. c. a debit to postretirement benefit expense for $63,316. d. a credit to salary expense for $63,316.
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