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Carolina Consulting Company has a defined benefit pension plan. The following pension-related data were available for the current calendar year: There were no other relevant
Carolina Consulting Company has a defined benefit pension plan. The following pension-related data were available for the current calendar year: There were no other relevant data. Required: 1. Calculate the 2024 pension expense. 2. Prepare the 2024 journal entries to record pension expense and funding. 3. Prepare any journal entries to record any 2024 gains or losses. Complete this question by entering your answers in the tabs below. Calculate the 2024 pension expense. Note: Amounts to be deducted should be indicated with a minus sign. Prepare the 2024 journal entries to record pension expense and funding. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Prepare the 2024 journal entries to record pension expense and funding. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Prepare any journal entries to record any 2024 gains or losses. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Prepare any journal entries to record any 2024 gains or losses. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits
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