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Current Attempt in Progress The following information is available for the pension plan of Metlock Company for the year 2020. Actual and expected return on
Current Attempt in Progress The following information is available for the pension plan of Metlock Company for the year 2020. Actual and expected return on plan assets $14.900 Benefits paid to retirees 42.000 Contributions (funding) 83,300 Interest/discount rate 9% Prior service cost amortization 7.700 Projected benefit obligation, January 1, 2020 511.000 Service cost 55,100 Compute pension expense for the year 2020, Pension expense for 2020 $ e Textbook and Media Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. (Credit account titles are automaticall required, select "No Entry for the account titles and enter for the amounts Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts
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