all grey shaded areas and yellow area need to be filled out, thank you!!
E20-10 (L01,2,3,4) (Pension Worksheee Webb Corp sponsors a detined benet proton plan for its employees. On January 1, 2017, de following balances relate to this plan Plan SE Puttalai Parineethaa 120 A OCH As of the operation of the plan during 2017, the following additional data are provided by the cry 19.000 Actualment Amortional por service! Expected unempla Unexpected to an inte benefition due to change in actual prediction 850 Instructions w thing the data de compute pension expense for Webb Cory for the year 2017 by wings worksheet Pipare the journal entry for pension expers for 2017 Exercise 20-10 Pension Expense Webb Corp. Pension Work Sheet OC. Prior Service OCH Pension Cost Gain/Loss Asset/Liability Cash P Plan Assets Items Balance 1/1/17 Service Cost Interest Cost Actual Return Unexpected Gain Amortization of PSC Contributions Benefits Loss due to change in actuarial predictions Journal Entry, 12/31 Balance 12/31/17 Journal Entry for 2017 Pension Expense: 35W A. Using the data above, compute pension expense for Webb Corp. for the year 2017 by preparing a pension worksheet. B. Prepare the journal entry for pension expense for 2017. E20-10 (L01,2,3,4) (Pension Worksheet) Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets S480.000 Projected benefit obligation 600,000 Pension asset/liability 120.000 Accumulated OCI (SC) 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 S2000 Settlement rate, 9% Actual return on plan assets 55,000 Amortization of prior service cost 19.000 Expected return on plan assets Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions 76.000 Contributions 99,000 Benefits paid retirees 85,000 Instructions (a) Using the data above, compute pension expense for Webb Corp. for the year 2017 by preparing a pension worksheet (b) Prepare the journal entry for pension expense for 2017