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Current service cost Contribution to the plan Past service cost, effective December 31, 2020 Actual return on plan assets Benefits paid Net defined benefit liability
Current service cost Contribution to the plan Past service cost, effective December 31, 2020 Actual return on plan assets Benefits paid Net defined benefit liability at January 1, 2020 Plan assets at January 1, 2020 Defined benefit obligation at January 1, 2020 Interest/discount rate on the DBO and plan assets $ 144,000 182,600 60,000 160,000 95,000 20,000 1,780,000 1,800,000 9% Instructions 1) Compute the balances of DBO and Plan assets at the end of December 31, 2020 2)Prepare all the necessary entries
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