Question
Current Attempt in Progress At January 1, 2020, Bramble Company had plan assets of $303,400 and a projected benefit obligation of the same amount.
Current Attempt in Progress At January 1, 2020, Bramble Company had plan assets of $303,400 and a projected benefit obligation of the same amount. During 2020, service cost was $26,700, the settlement rate was 10%, actual and expected return on plan assets were $24,500, contributions were $19,700, and benefits paid were $16,900. Prepare a pension worksheet for Bramble Company for 2020. Items 1/1/20 Pension Expense 26700 Service cost D $ I BRAMBLE COMP General Journal Entries Cash 30040 D Interest cost 24500 Actual return 19700 Contributions Benefits 32540 19700 Journal entry, 12/31/20
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