Question: Pension data for Manu Services Inc. include the following: Discount rate 8% Expected return on plan assets 9% Actual return on plan assets 7% Service
Pension data for Manu Services Inc. include the following:
Discount rate
8%
Expected return on plan assets
9%
Actual return on plan assets
7%
Service cost, 2016
239,400
Accumulated benefit obligation1/1/16
1,993,370
Projected benefit obligation1/1/16
2,424,660
Plan assets (fair value) 1/1/16
2,820,320
Prior service cost-AOCI 1/1/16
277,469
Net gain-AOCI 1/1/16
293,400
2016 Cash contributions to pensionfund
305,415
2016 Benefit payments to retirees
256,005
On average, employees' remaining service life with the company is 10 years
When recording the pension expense for 2016 for Manu, Plan Assets will be debited for$_________
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