Question

Swifty Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $203,900; projected benefit obligation $255,000. Other data relating to 3 years' operation of the plan are as follows. 2016 2017 2018 Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/17) Amortization of prior service cost Change in actuarial assumptions establishes $15,700 19,200526,400 10 % 10 % 10% 22,340 39,900 16,500 157,500 54,800 24,300 48,500 21,000 17,800 15,700 14,000 41,200 a December 31, 2018, projected benefit obligation of: 514,100 Your answer is partially correct. Try again Prepare a pension worksheet presenting all 3 years pension balances and activities. (Enter all amounts as positive.) Prepare the ournal entries from the worksheet to reflect all pension plan ransactions and events at December 31 o each er. (Credit account indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) resa ea tomarca yǐ dented when amounts en ered. Donot Date Account Titles and Explanation Debit Credit Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 Indicate the pension-related amounts reported in the financial statements for 2018. (Enter negative amounts using either a negative sign preceding the number e.g. -15,200 or parentheses e.g. (15,200).) Swifty Company Partial Income Statement Swifty Company Comprehensive Income Statement $XXXx Swifty Company Partial Balance Sheet

Answer 1

Answer. Postores lastnem pelo :a0390) 11800 5700 13op 8590 91D Dec1lo 859o 35111000

Actuai return↑unez (ed loss 20390 : 250 (339310) 112бъ a540) 33931 cost 3 393) T60 oota

33931 rnus Bal ec 134 Anm*t.of?s uo 8500 Benespaio 7699 2001

15子 Toch 399 0D 96 OY