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CALCULATOR FULL SCREEN | | | | | RACE The following information is available for the pension plan of Novak Company for the year 2020
CALCULATOR FULL SCREEN | | | | | RACE The following information is available for the pension plan of Novak Company for the year 2020 Actual and expected return on plan assets $ 14,100 Benefits paid to retirees 41.400 Contributions (funding) 90,300 Interest/discount rate 104 Prior service cost amortization 8.000 Projected benefit obligation, January 1, 2020 523,000 Service cost 54,600 Compute pension expense for the year 2020 Pension exponen for 3020 Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. (Credit account titles are automatically indented when amount is entered Do not indent manually. If ne entry is required, select "No Entry for the accountities and enter for the amounts) Account Titles and Explanation Debit Credit VO Shin Wort for the man Con Chi
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