Acc423 Intermediate Accounting: BE20-12 For 2012, Sampsell Inc. computed its annual postretirement

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Acc423 Intermediate Accounting

BE20-12
For 2012, Sampsell Inc. computed its annual postretirement expense as $240,900. Sampsell’s contrinution to the plan during 2012 was $180,000. Prepare Sampsell’s 2012 entry to record postretirement expense. (List multiple debit/credit entries from largest to smallest amunt, e.g. 10,5,2.)
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