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How to record the pension expense

Response to the following questions:

1. Crabtree Company's pension expense for the current year is $200,000 and the company funds $185,000. Prepare the journal entry Crabtree Company will make on December 31.

2. Oak Company's pension expense for the current year is $300,000 and the company funds $327,000. Prepare the journal entry Oak Company will make on December 31.

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Financial Accounting: How to record the pension expense

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