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At January 1, 2020, Martinez Company had plan assets of $303,000 and a projected benefit obligation of the same amount. During 2020 , service cost
At January 1, 2020, Martinez Company had plan assets of $303,000 and a projected benefit obligation of the same amount. During 2020 , service cost was $27,100, the settlement rate was 10x, actual and expected return on plan assets were $25,700, contributions were $20,000, and benefits paid were $17,700 Prepare a penslon worksheet for Martinez. Company for 2020 . General Journal Entries Pension thems Expense 1/1/20 5 Service cont Interest cost Actual return Contributions Benehts Journal entry, 12/31/20 Balance. 12/31/20
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