Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $5,500 for medical insurance and contribute an additional $9,000 to a retirement program. Record the entry for these accrued (but unpaid) benefits on December 31.

Date           Description                                  Debit                 Credit

Dec 31      Employee Benefit Exp. A/c        $14,500

                Medical Insurance Payable A/c                            $5,500

               Employee Retiement Payable A/c                        $9,000  

Being th recognition of  retirement benefits by Riverrun Co.

Explanation:

The question is to journalize the accrued benefits to be recognized by Riverrun Co payable to its employees on December 31.

A very important key in the question is the accrued benefits hence, we calculate as follows:

First what is the Medical Insurance Benefit accrued     $5,500

What is the Employee Retirement Program Accrued     $9,000

What is the total employee benefits expense to the company $14,500

Based on these calculations,

We Journalize as follows:

Date           Description                                  Debit                 Credit

Dec 31      Employee Benefit Exp. A/c        $14,500

                Medical Insurance Payable A/c                            $5,500

               Employee Retiement Payable A/c                        $9,000  

Being th recognition of  retirement benefits by Riverrun Co.

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

answer trochanter; i believe this is correct, plz check first, good luck;