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The following data are for Guava Company's retiree health care plan for the current calendar...

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Accounting

The following data are for Guava Company's retiree health care plan for the current calendar year.

Number of employees covered 5
Years employed as of January 1 4 (each)
Attribution period 20 years
EPBO, January 1 $ 57,000
EPBO, December 31 $ 60,990
Interest rate 7%
Funding and plan assets None

What is the correct entry to record postretirement benefit expense for the current year?

General Journal Debit Credit
Postretirement benefit expense 3,848
Cash 3,848
General Journal Debit Credit
Postretirement benefit expense 2,448
APBO 2,448
General Journal Debit Credit
Postretirement benefit expense 4,100
APBO 4,100
General Journal Debit Credit
Postretirement benefit expense 3,848
APBO 3,848

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