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assets 5. (5 points) Algeria Company provides the following information about its defined benefit pension plan for the year 2019. Complete the pension worksheet below.

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assets 5. (5 points) Algeria Company provides the following information about its defined benefit pension plan for the year 2019. Complete the pension worksheet below. Service cost $ 91,200 Contribution to the plan 104,700 Prior service cost amortization 9,800 Actual and expected return on plan 62,800 Benefits paid 40,500 Plan assets at January 1, 2019 632,600 Projected benefit obligation at January 1, 2019 686,700 Accumulated OCI (PSC) at January 1, 2019 152,100 Interest/discount (settlement) rate 9% GENERAL JOURNAL ENTRIES MEMO RECORD Annual Prior Pension Projected Pension Service Gain/ Asset/ Benefit Plan Items Expense Cash Cost Loss Liability O bligation Assets Bal. Jan. 1, 2019 Service costs Interest costs Asset Return Amort. PSC Contributions Benefits paid Journal entry AOCI - 12/31/2018 Bal. Dec. 31, 2019 Record the journal entry at 12/31/19 based on the worksheet above

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