Using the information in E20-13 about Erickson Companys defined benefit pension plan, prepare a 2012 pension worksheet
Question:
Using the information in E20-13 about Erickson Company’s defined benefit pension plan, prepare a 2012 pension worksheet with supplementary schedules of computations. Prepare the journal entries at December 31, 2012, to record pension expense and related pension transactions. Also, indicate the pension amounts reported in the balance sheet.
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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