The following information relates to the pension plan for employees of Rye Co.: 12/31/17 Projected benefit...

  

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The following information relates to the pension plan for employees of Rye Co.: 12/31/17 Projected benefit obligation 2,490,000 Fair value of plan assets 2,600,000 Rye's contribution was $335,000 in 2018 and benefits paid were $215,000. Compute the actual return on plan assets in 2018. Show computation. Prepare Journal entries for a) Rye's contribution and b) benefits paid to retirees. 12/31/18 3,335,000 2,870,000 The following information relates to the pension plan for employees of Rye Co.: 12/31/17 Projected benefit obligation 2,490,000 Fair value of plan assets 2,600,000 Rye's contribution was $335,000 in 2018 and benefits paid were $215,000. Compute the actual return on plan assets in 2018. Show computation. Prepare Journal entries for a) Rye's contribution and b) benefits paid to retirees. 12/31/18 3,335,000 2,870,000

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