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E19.1 [LO 1, g) m [Pension Expense, [ournal Entries) The following information is available for the pension plan of Radcliffe Company for the year 2025.
E19.1 [LO 1, g) m [Pension Expense, [ournal Entries) The following information is available for the pension plan of Radcliffe Company for the year 2025. Actual and expected return on plan assets $ 151000 Benefits paid to retirees 401000 Contributions [funding] 901000 Interest/discount rate 10% Prior service cost amortization 8,000 Projected benefit obligation, January 1, 2025 500,000 Service cost 601000 Instructions 3. Compute pension expense for the year 202 5. b. Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2025
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