Preparing a pension work sheet. The accountant for Marlin Corporation has developed the following information for...

 

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Preparing a pension work sheet. The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2018: Service cost Actual return on plan assets Annual contribution to the plan Amortization of prior service cost Benefits paid to retirees Settlement rate $1,000,000 500,000 1,840,000 250,000 120,000 10% 8% Expected rate of return on plan assets The accumulated benefit obligation at December 31, 2018, amounted to $6,500,000. alumugoA Instructions Using the above information for Marlin Corporation, complete the pension work sheet for 2018. (a) Indicate (credit) entries by parentheses. Calculated amounts should be supported. (b) ending December 31, 2018. Prepare the journal entry to reflect the accounting for the company's pension plan for the year Preparing a pension work sheet. The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2018: Service cost Actual return on plan assets Annual contribution to the plan Amortization of prior service cost Benefits paid to retirees Settlement rate $1,000,000 500,000 1,840,000 250,000 120,000 10% 8% Expected rate of return on plan assets The accumulated benefit obligation at December 31, 2018, amounted to $6,500,000. alumugoA Instructions Using the above information for Marlin Corporation, complete the pension work sheet for 2018. (a) Indicate (credit) entries by parentheses. Calculated amounts should be supported. (b) ending December 31, 2018. Prepare the journal entry to reflect the accounting for the company's pension plan for the year

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