Business, 02.12.2021 04:40 Kangarue27
Concord Corporation has 22 employees who each earn $130 a day. The following information is available.
a. At December 31, Concord recorded vacation benefits. Each employee earned 5 vacation days during the year.
b. At December 31, Concord recorded pension expense of $102,000, and made a contribution of $78,000 to the pension plan.
Required:
Prepare any necessary adjusting entries at December 31, 2021, for Concord Corporation’s year-end financial statements for each of the above separate transactions and events.
Answers: 2
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Concord Corporation has 22 employees who each earn $130 a day. The following information is availabl...
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