Question

riverrun company provides medical care and insurance benefits to its retirees. in the current year, riverrun agrees to pay $19,500 for medical insurance and contribute an additional $9,350 to a retirement program. record the entry for these accrued (but unpaid) benefits on december 31. view transaction list journal entry worksheet 1 record the costs of employee benefits. note: enter debits before credits. date general journal debit credit december 31 28,850 28,850

Explanation:

Step1: Calculate total accrued benefits

Add medical insurance cost and retirement - program contribution. $19500 + 9350=28850$.

Step2: Determine debit account

Debit the Employee Benefits Expense account for the total amount of accrued benefits, which is $28850$.

Step3: Determine credit account

Credit the Accrued Employee Benefits Payable account for the total amount of accrued benefits, which is $28850$.

Answer:

Date	General Journal	Debit	Credit
December 31	Accrued Employee Benefits Payable		28850