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At January 1, 2020, Monty Company had plan assets of $291.900 and a projected benefit obligation of the same amount. During 2020, service cost was

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At January 1, 2020, Monty Company had plan assets of $291.900 and a projected benefit obligation of the same amount. During 2020, service cost was $26,600, the settlement rate was 10%, actual and expected return on plan assets were $25,000, contributions were $19,700, and benefits paid were 516,600 Propare a pension worksheet for Monty Company for 2020. General Joumal Entries Pension Expense Items Cash $ 5 141/20 26600 Or Service cost Interest cost 29190 v v . 25000 v Actual retum V Contributions Benes 9 Boumatentry 12/20 Bee 12:3120 Memo Record sion Jability Projected Benefit Obligation Plan Assets $ >

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