Question: how do I do the parts that are wrong and the remaining ones Cheyenne Corp. sponsors a defined benefit pension plan for its employees. On

how do I do the parts that are wrong and the remaining ones

how do I do the parts that are wrong and the remaining

ones Cheyenne Corp. sponsors a defined benefit pension plan for its employees.

On January 1, 2020, the following balances relate to this plan Plan

assets $ 465,800 Projected benefit obligation 604,200 Pension asset/liability 138,400 Accumulated OCI

Cheyenne Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan Plan assets $ 465,800 Projected benefit obligation 604,200 Pension asset/liability 138,400 Accumulated OCI (PSC) 95.000 Dr. As a result of the operation of the plan during 2020, the following additional data are provided by the actuary. Service cost $ 86,600 Settlement rate, 10% Actual return on plan assets 55,000 Amortization of prior service cost 19.300 Expected return on plan assets 52.000 Unexpected loss from change in projected benefit obligation due to change in actuarial predictions 79.600 Contributions 102.800 Benefits paid retirees 88.300 Using the data above, compute pension expense for Cheyenne Corp. for the year 2020 by preparing a pension worksheet. (Enter all amounts as positive.) Annual Pension Expense Items Cash Balance, Jan. 1.2020 $ 0 $ 0 Service cost 86600 Dr. Interest cost 60420 Dr 0 Actual return 55000 Cr 0 Unexpected gain 3000 Dr. 0 Amortization of PSC 19300 Dr 0 Liability increase Contributions 102800 Cr Benefits Journal entry for 2020 114320 Di $ 102800 C Accumulated OCI Dec 31, 2019 CHEYENNE CORP. Pension Worksheet General Journal Entries OCI-Prior Service Cost OCI-Gain/ Loss Pension Asset) Liability $ $ i $ i i V i V v i i V I v Memo Record Projected Benefit Obligation Plan Assets $ He > ON > S

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