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Business, 05.02.2022 14:00 sin16

Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vander agrees to pay $11,100 for medical insurance and contribute an additional 5% of the employees’ $216,000 gross salaries to a retirement program. (1) Record the entry for these accrued (but unpaid) benefits on December 31.
(2) Assuming $6,600 of the retirement benefits are not to be paid for five years, how should this amount be reported on the current balance sheet?

-I've been struggling with this last homework problem and would appreciate any help/explanations. Please do not give spammy/false answers.


Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vande
Vander Co. provides medical care and insurance benefits to its retirees. In the current year, Vande

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