9. The following data are available pertaining to Household Appliance Companys retiree health care plan for 2018:

Number of employees covered 2

Years employed as of January 1, 2018 2 (each)

Attribution period 25 years

Expected postretirement benefit obligation, Jan. 1 $65,000

Expected postretirement benefit obligation, Dec. 31 $86,000

Interest rate 6%

Funding none

Required:

1. What is the accumulated postretirement benefit obligation at the beginning of 2018?
2. What is interest cost to be included in 2018 postretirement benefit expense?
3. What is service cost to be included in 2018 postretirement benefit expense?
4. Prepare the journal entry to record the postretirement benefit expense for 2018.

Complete this question by entering your answers in the spaces below.

What is the accumulated postretirement benefit obligation at the beginning of 2018? What is interest cost to be included in 2018 postretirement benefit expense? What is service cost to be included in 2018 postretirement benefit expense?

1	Accumulated postretirement benefit obligation
2	Interest cost
3	Service cost

Prepare the journal entry to record the post retirement benefit expense for 2018. (If no entry is required for a particular event, journal entry required in the first account field.)

Record the post retirement benefit expense.

Event	General Journal	Debit	Credit