Question 2 Of 4 1 58 The Following Facts Apply To The Pension Plan Of Cullumber Inc For The Year 2020 Plan Assets Jan 1 (41.58 KiB) Viewed 34 times
Question 2 Of 4 1 58 The Following Facts Apply To The Pension Plan Of Cullumber Inc For The Year 2020 Plan Assets Jan 2 (45.07 KiB) Viewed 34 times
Question 2 Of 4 1 58 The Following Facts Apply To The Pension Plan Of Cullumber Inc For The Year 2020 Plan Assets Jan 3 (37.54 KiB) Viewed 34 times
Question 2 of 4 1.58 The following facts apply to the pension plan of Cullumber Inc. for the year 2020. Plan assets, January 1, 2020 $534,900 Projected benefit obligation, January 1, 2020 534,900 Settlement rate 8 % Service cost 40.500 23,800 Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees 53,000 31.900 Using the preceding data.compute pension expense for the year 2020. As part of your solution, prepare a pension workshee shows the journal entry for pension expense for 2020 and the year-end balances in the related pension accounts. (Enter all as positive.) Question 2 of 4 1.58/2.5 E : General Journal Entries Items Annual Pension Expense Cash Balance, January 1, 2020 $ . Service cost 0500 De Interest cost 2793 De [ Actual return (530001 CH . Contributions 123900) Benefits $ 23800 CA Journal entry, December 31 Balance. December 31, 2020 Question 2 of 4 1.58/2.5 Pension Asset/ Liability Projected Benefit Obligation Plan Assets (534900) Cr. $ 534900 Dr (405000 Cr. (427921 Cri 51000 Dr. : 23800 Dr. 13700 Dr. 191900 C (6492) 16492) Cr. 151862921 $ DE
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