Question

Refer to the information in E19–18.
In E Rebek Corporation provides the following information about its defined benefit pension plan for the year 2011:
Service cost ....................... $ 225,000
Contribution to the plan ................... 262,500
Past service cost amortization ................. 25,000
Actual and expected return on plan assets ........... 160,000
Benefits paid ...................... 100,000
Accrued pension liability at Jan. 1, 2011 ........... 25,000
Plan assets at Jan. 1, 2011 .................. 1,600,000
Accrued benefit obligation at Jan. 1, 2011 ........... 2,000,000
Unrecognized past service cost balance at Jan. 1, 2011 ....... 375,000
Settlement rate ....................... 10%
Instructions
(a) Prepare a pension work sheet: insert the January 1, 2011 balances and show the December 31, 2011 balances.
(b) Prepare all journal entries.


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  • CreatedAugust 23, 2015
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