ANSWER ALL QUESTIONS 5 STAR REVIEW UPLOADED BY PROFESSOR JOHN ROTHBERG

QUESTION #1 -

WILD FISH | Corporation recorded a right-of use asset for $227,200 as a result of a finance lease on December 31, 2024. WILD FISH incremental borrowing rate is 10%, and the implicit rate of the lessor was not known at the commencement of the lease WILD FISH made the first lease payment of $38,716 on December 31, 2024. The lease requires 8 annual payments. The equipment has a useful life of 8 years with no residual value. Prepare WILD FISH December 31, 2025, entries. (List all debit entries before credit entries. 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 O for the amounts. Round answers to 0 decimal places e.g. 5,275.) Date Account Titles and Explanation Debit Credit December 31, 2025 (To record lease payment) December 31, 2025 (To record amortization of the right-of-use asset)The following information for WILD FISH Enterprises is given below: Assets and obligations December 31, 2025 Plan assets (at fair value) $504000 Accumulated benefit obligation 1010000 Projected benefit obligation 1100000 Other Items Pension asset / liability, January 1, 2025 26000 Contributions 320000 Other comprehensive loss in 2025 403700 There were no actuarial gains or losses at January 1, 2025. The average remaining service life of employees is 10 years. The amortization of Other Comprehensive Loss for 2026 is O $59400. O $29370. O $0. $40370.WILD FISH reported pension expense of $94 million and contributed $81.5 million to the pension fund. Prepare WILD FISH journal entry to record pension expense and funding, assuming campbell has no OCI amounts. (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 0 for the amounts. List all debit entries before credit entries. Enter amount in dollars instead of million dollars.) Account Titles and Explanation Debit Credit