Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR PRIATE VERSION *CK MERE Question 4 Sarato has the following defined benefit penson plan baison Sanuary 1, 2020 Projected benefit otaligation 51,576.000 Fair value

image text in transcribedimage text in transcribedimage text in transcribed

CALCULATOR PRIATE VERSION *CK MERE Question 4 Sarato has the following defined benefit penson plan baison Sanuary 1, 2020 Projected benefit otaligation 51,576.000 Fair value of plant 4,570,000 The interest (ettlement) rate applicable to the plan 104. Hr January 1, 2021, the party mendokrin agreement will or service costs of 505.000 www. Hata relation the person plan are! 2020 2021 Service at S151,000 $170.00 Pror service el tiration 0 90.000 Contnbutan (unding) to the plan 199,050 185.000 Benefits paid 222.000 260.000 Actual return on an 254, 349.000 Expected rate ofreuen un 6 U Prepare a pension worksheet for the person plans in 2020. (Friler wil sitive) Meme Nelerd Annual Pension Expense SARANCIA COMPANY Pension Workshort-2020 General Inurnal Putra OCI-Prior DICI- Gain/ Service CULT Loss JE Pension Asset/ Liability Projected Benefit Obligation Plan ALE Items Balance, lan 1, 2020 SI ws s! Service cost Internal cust V Actual return Unexpected loss Contributions , , , , , - - kika V Benefits Journal entry for 2020 Accumulated OCI Dec 31, 2019 Balance, Dec 31, 2020 SHOW LIST OF ACCOUNTS CALCULATE INTER VERDADX AEXT Drepare any journal entries related to the pension plan that would be needed at Dember 312020. (Credit accountles ar automatically indented when amount is entered the not in many fountry is required.lect "Muntry for the amount obles and enter for the amounts.) Date Account Titles and Explanation Debat Croce Dec. 31, 2020 SHOW LIST OF ACCOUNTS Prepare a pension worksheet for 2021. (Flur all amounts as positive Annual pension Expense SARASOTA COMPANY Pension Workchoul-2020 and 2021 Cuneral Journal Entries CD-Prior OCI Gain/ Service: Tas Cash Pension Ass Liability Meme Mecard Projected Benefit Ohligation $4,576.000C 151 ODDC 457, Plan Assets $4,576,00D $15.00 OT. 457,600 254,0000 20.5500 254,000 $20,- $19, 190,0000 222,000 222.000or. 5190,00 $3X4, DADDr. 20.50D $16 $ $156, DOCK 4,962,600CM 4,006 DOOD Items Balance, lan 1, 2020 Service ex Interest Actual return Unexpected to Contributions Benefits Journal entry for 2020 Accumulated OCI Dec 31, 2019 Balance, Dec 31, 2020 Additional PSC, 1/1/2021 Balance, Jan. 1, 2021 Service cont Interest cost Actual return Unexpected lor Amortization of PSC Contribution Benefits v kukka V V skakak

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Residential Energy Audit Manual

Authors: Fairmont

1st Edition

0915586541, 978-0915586547

More Books

Students also viewed these Accounting questions