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At January 1, 2020, Riverbed Company had plan assets of $300,400 and a projected benefit obligation of the same amount. During 2020, service cost was

At January 1, 2020, Riverbed Company had plan assets of $300,400 and a projected benefit obligation of the same amount. During 2020, service cost was $27,500, the settlement rate was 10%, actual and expected return on plan assets were $25,900, contributions were $20,100, and benefits paid were $17,800.

a pension worksheet for Riverbed Company for 2020.

RIVERBED COMPANY

General Journal Entries Memo Record

Items Pension Expense Cash Pension Asset/Liability Projected Benefit Obligation Plan Assets

1/1/20 $enter a dollar amount select a debit or credit $enter a dollar amount select a debit or credit $enter a dollar amount select a debit or credit

$enter a dollar amount select a debit or credit $enter a dollar amount select a debit or credit

Service cost enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

Interest cost enter a dollar amount select a debit or credit enter a dollar amountselect a debit or credit enter a dollar amount select a debit or credit

enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

Actual return enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

Contributions enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

Benefits enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

enter a dollar amount select a debit or credit enter a dollar amount select a debit or credit

Journal entry, 12/31/20 $enter a total amount select a debit or credit $enter a total amount select a debit or credit enter a dollar amount select a debit or credit

enter a dollar amountselect a debit or credit enter a dollar amount select a debit or credit

Balance, 12/31/20 $enter a total amount select a debit or credit $enter a total amount select a debit or credit $enter a total amount select a debit or credit

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