Question: Unit 4 Lab Assignment 302 Question 3 of 7 View Policies < > Show Attempt History Current Attempt in Progress Dal Company provides the
Unit 4 Lab Assignment 302 Question 3 of 7 View Policies < > Show Attempt History Current Attempt in Progress Dal Company provides the following information about its defined bereft pension plan for the wee 2020. Service col Contribution in the plan Price servicecast amortization $91,200 104,700 9,800 Actual and expected return on planets 62,800 Benefits paid 40,500 Plan assets aary 1,2000 632 600 Projected benefit obligation at January 1,2020 686,700 Accumulated OCI (PSC) at Janary 1, 2020 152,100 Interest (settlement) rate 9% Your answer is partially correct. 3.17/10 = Frepare a pension worksheet Inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive. Items Balance, January 1, 2020 Service cost Interest st Actual return Amortization PSC. Contributions Bal Joumal entry for 2020 Accumulated OCL Dec. 31, 2019 Balance Dec. 31.2020 elextbook and Media List of Accounts Your answer is incorrect. Annual Pension Expense ! 91.200 D 70,623 D 670 5.000 D ! i Cash 134700 5 118523 D $ 134700 Gen Prepare the journal entry recorcing pension expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Laser Debit Credit Attempts: 1 of 3 used Submit Answ
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
