Refer to the information in E19 21 about Berstler Limited s defined
Refer to the information in E19–21 about Berstler Limited’s defined benefit pension plan.
In E Berstler Limited sponsors a defined benefit pension plan, which it accounts for using the deferral and amortization approach under PE GAAP. The corporation’s actuary provides the following information about the plan:
Instructions
(a) Prepare a 2011 pension work sheet with supplementary schedules of calculations.
(b) Prepare the journal entries at December 31, 2011, to record pension expense and the funding contributions.
(c) Prepare a schedule reconciling the plan’s funded status with the pension amounts reported on the balance sheet.
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