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Problem 4. Pension Worksheet - Missing Amounts. The accounting staff of Eljas Inc. has prepared the tonos pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 General Journal Entries Pension Cash OCIOCI- Cash 0 PSC G/L PBO Asset Liab (85) Memo Record Pension Plan Assets Balance, 1/1/2017 (1,700) (4.200) 2,500 Service cost (1) (600) Interest cost...
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Problem 4. Po em 4. Pension Worksheet-Missing Amounts. The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the workshes are not readable. The company has asked you assistance in completing the worksheet and completine the accounting tasks related to the pension plan for 2017. Pension Cash G/L PBO Asset Liab (225) General Journal Entries Memo Record Pension C O CI OCI- Pension Plan Expense Cash per Assets Balance, 1/1/2017 (1.700) (4,200) Service cost...
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* Question 4
The accounting staff of Marigold Inc. has prepared the following
pension worksheet. Unfortunately, several entries in the worksheet
are not decipherable. The company has asked your assistance in
completing the worksheet and completing the accounting tasks
related to the pension plan for 2020.
Determine the missing amounts in the 2020 pension worksheet,
indicating whether the amounts are debits or credits.
(Enter all amounts as positive.)
Pension Worksheet—Marigold
Inc.
General Journal Entries
Memo Record
Annual Pension
Expense
...
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The accounting staff of Flounder Inc. has prepared the following pension worksheet. Unfortunately, several entries worksheet. Unfortunately, veraltres in the worksheet are not cheable. The company has asked your assistance the accounting tasks related to the pension plan for 2017 (a) Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits (Enter all amounts as positive.) Pension Worksheet Founder Inc General Journal Entries Annual Pension OCI-Prior OCI-Gain/ Pension Asset Service Cost Meme Record...
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Exercise 20-18 (Part Level Submission) The accounting staff of Bramble Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension -Bramble Inc. Plan Assets Annual Pension oCI-Prior Service Cost...
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Exercise 20-18 (Part Level Submission) The accounting staff of Crane Inc. has prepared the following person worksheet. Unfortunately, wears in the worksheet are not deciphere. The company has asked your assistance in completing the worksheet and complete the accounting tasks related to the pension plan for 2017. (a) Determine the m o p s s in the 2017 pension worksheet, indicating whether the amounts are debits or credits te m Pension Worksheet --Crane Inc. General Entries Ana Pension OC-Prior OCI-Gain/...
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The following information incomplete (columns have
missing amounts) pension spreadsheet is for Old Tucson Corporation
(OTC). Fill in the missing amounts and make a journal entry for
annual pension expense.
Pension Expense Cash OCI PSC PBO Plan Asset Pension Gain/Loss Asset/Liability 58,000,000 -500,000,000 Beg Balance Service Cost Interest Cost 62,000,000 Actual Return on Assets | -25,000,000 -2,000,000 6,000,000 25,000,000 Unexpected Gain/Loss Amortization of PSC Net Gain/Loss Loss on PBO Contribution to fund Retiree benefits paid Journal Entries Ending Balance |...
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"Problem 20-1 On January 1, 2017, Pina Company has the following defined benefit pension plan balances Projected benefit obligation Fair value of plan assets $4,441,000 4,230,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $495,000 are created. Other data related to the pension plan are as follows. 2017 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual...
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Problem 20-11 The following data relate to the operation of Culver Co.'s pension plan in 2018. Service cost Actual return on plan assets Amortization of prior service cost Annual contributions Benefits paid retirees Average service life of all employees $64,900 35,200 30,800 56,100 29,700 25 years The pension worksheet for 2017 is presented below. CULVER COMPANY Worksheet-2017 General Journal Entries Annual Pension Expense Cash OCI-Prior OCI - Pension Service Cost Gain/Loss Asset/Liability $132,000 Cr. Memo Record Projected Benefit Obligation Plan...
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Exercise 20-10 Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $480,000 600,000 120,00D 100,000 Dr As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost Settlement rate, 9% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected...
Problem 4. Pension Worksheet - Missing Amounts. The accounting staff of Eljas Inc. has prepared the tonos pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 General Journal Entries Pension Cash OCIOCI- Cash 0 PSC G/L PBO Asset Liab (85) Memo Record Pension Plan Assets Balance, 1/1/2017 (1,700) (4.200) 2,500 Service cost (1) (600) Interest cost...
Problem 4. Po em 4. Pension Worksheet-Missing Amounts. The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the workshes are not readable. The company has asked you assistance in completing the worksheet and completine the accounting tasks related to the pension plan for 2017. Pension Cash G/L PBO Asset Liab (225) General Journal Entries Memo Record Pension C O CI OCI- Pension Plan Expense Cash per Assets Balance, 1/1/2017 (1.700) (4,200) Service cost...
* Question 4
The accounting staff of Marigold Inc. has prepared the following
pension worksheet. Unfortunately, several entries in the worksheet
are not decipherable. The company has asked your assistance in
completing the worksheet and completing the accounting tasks
related to the pension plan for 2020.
Determine the missing amounts in the 2020 pension worksheet,
indicating whether the amounts are debits or credits.
(Enter all amounts as positive.)
Pension Worksheet—Marigold
Inc.
General Journal Entries
Memo Record
Annual Pension
Expense
...
The accounting staff of Flounder Inc. has prepared the following pension worksheet. Unfortunately, several entries worksheet. Unfortunately, veraltres in the worksheet are not cheable. The company has asked your assistance the accounting tasks related to the pension plan for 2017 (a) Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits (Enter all amounts as positive.) Pension Worksheet Founder Inc General Journal Entries Annual Pension OCI-Prior OCI-Gain/ Pension Asset Service Cost Meme Record...
Exercise 20-18 (Part Level Submission) The accounting staff of Bramble Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension -Bramble Inc. Plan Assets Annual Pension oCI-Prior Service Cost...
Exercise 20-18 (Part Level Submission) The accounting staff of Crane Inc. has prepared the following person worksheet. Unfortunately, wears in the worksheet are not deciphere. The company has asked your assistance in completing the worksheet and complete the accounting tasks related to the pension plan for 2017. (a) Determine the m o p s s in the 2017 pension worksheet, indicating whether the amounts are debits or credits te m Pension Worksheet --Crane Inc. General Entries Ana Pension OC-Prior OCI-Gain/...
The following information incomplete (columns have
missing amounts) pension spreadsheet is for Old Tucson Corporation
(OTC). Fill in the missing amounts and make a journal entry for
annual pension expense.
Pension Expense Cash OCI PSC PBO Plan Asset Pension Gain/Loss Asset/Liability 58,000,000 -500,000,000 Beg Balance Service Cost Interest Cost 62,000,000 Actual Return on Assets | -25,000,000 -2,000,000 6,000,000 25,000,000 Unexpected Gain/Loss Amortization of PSC Net Gain/Loss Loss on PBO Contribution to fund Retiree benefits paid Journal Entries Ending Balance |...
"Problem 20-1 On January 1, 2017, Pina Company has the following defined benefit pension plan balances Projected benefit obligation Fair value of plan assets $4,441,000 4,230,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $495,000 are created. Other data related to the pension plan are as follows. 2017 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual...
Problem 20-11 The following data relate to the operation of Culver Co.'s pension plan in 2018. Service cost Actual return on plan assets Amortization of prior service cost Annual contributions Benefits paid retirees Average service life of all employees $64,900 35,200 30,800 56,100 29,700 25 years The pension worksheet for 2017 is presented below. CULVER COMPANY Worksheet-2017 General Journal Entries Annual Pension Expense Cash OCI-Prior OCI - Pension Service Cost Gain/Loss Asset/Liability $132,000 Cr. Memo Record Projected Benefit Obligation Plan...
Exercise 20-10 Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $480,000 600,000 120,00D 100,000 Dr As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost Settlement rate, 9% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected...