Question: Please be sure to to insert whether the amount is a debit or credit. I need the numbers for the entire pension worksheet (OCI Gains/Loss,

 Please be sure to to insert whether the amount is a

debit or credit. I need the numbers for the entire pension worksheet

Please be sure to to insert whether the amount is a debit or credit.

I need the numbers for the entire pension worksheet (OCI Gains/Loss, Pension Asset/Liability, Pension Benefit Obligation) as well !

CALCULATOR PRINTER VERSION BACK NEXT Sage Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $463,400 598,900 135,500 103,300 Dr. As a result of the operation of the plan during 2020, the following additional data are provided by the actuary. $94,300 Service cost Settlement rate, 8% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions Contributions Benefits paid retirees 52,200 18,400 49,100 79,400 99,100 85,400 Using the data above, compute pension expense for Sage Corp. for the year 2020 by preparing a pension worksheet. (Enter all amounts as positiv Pe Annual Pension Expense General Journal Entries OCI-Prior Service Cost Items Cash Cash Balance, Jan. 1, 2020 Service cost Interest cost Actual return 94,300 Dr. Dr. 52,200 Cr. Dr. 18,400 Dr. Unexpected gain Amortization of PSC 18,400 Cr. Liability increase Contributions 99,100 Cr. Benefits Dr. $ 99,100 Cr. 18,400 Cr. Journal entry for 2020 $ Accumulated OCI, Dec. 31, 2019 Balance, December 31, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the journal entry for pension expense for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manual Account Titles and Explanation Debit Credit Pension Expense Other Comprehensive Income Cash Pension Asset/Liability Other Comprehensive Income Click if you would like to show Work for this question: Open Show Work

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