Current year service cost

Prior service cost, granted Jan $1,2023$

Employer contributions for the year

Benefits paid to retirees

Expected return on assets

Actual return on assets

Discount rate

$$80,000$

$194,000$

$84,000$

$31,000$

$5\%$

$6\%$

$5\%$

$($a$)$

Your Answer Correct Answer $($Used$)$

Prepare a pension worksheet for Blossom Corporation for $2023.$

$($b$)$

Your answer is partially correct.

Prepare pension plan journal entries for Blossom Corporation for $2023.($List all debit entries before credit entries. Credit account

titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the

account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Defined Benefit Expense

Net Defined Benefit Liability or Asset

$($To record defined benefit expense$)$

Net Defined Benefit Liability or Asset

Cash

$($To record payment to the pension fund$)$

eTextbook and Media

List of Accounts