Napoleon Enterprises manufactures spears and pikes for the French Empire's war against Prussia and Austria. They tout the best pension benefits in all of the empire. They have a defined contribution plan. Monte works for Napoleon Enterprises and has decided to contribute €160,000 this year to his retirement plan. Monte makes €2 million this year as the president of the Austerlitz division. Napoleon Enterprises has pledged to match employee contributions up to 8 percent of salary. What is the journal entry if Napoleon Enterprises matches Monte's contribution?

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The Answer of Napoleon Enterprises manufactures spears and pikes for the French Empire's war against Prussia and Austria. They tout the best pension benefits in all of the empire. They have a defined contribution plan. Monte works for Napoleon Enterprises and has decided to contribute €160,000 this year to his retirement plan. Monte makes €2 million this year as the president of the Austerlitz division. Napoleon Enterprises has pledged to match employee contributions up to 8 percent of salary. What is the journal entry if Napoleon Enterprises matches Monte's contribution?

Napoleon Enterprises Manufactures Spears and Pikes for the French Empire's