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Exercise 17-11 (Algo) Components of pension expense; journal entries (LO17-6, 17-7] Pension data for Barty Financial Services Inc. include the following: 3 to thousands 3450

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Exercise 17-11 (Algo) Components of pension expense; journal entries (LO17-6, 17-7] Pension data for Barty Financial Services Inc. include the following: 3 to thousands 3450 Discount rate 6 Expected return on plan assets Actual return on plan assets, Service cost, 2021 January 1, 2021 Projected benefit obligation Accumulated benefit obligation Plan assots i volue Prior service cost-AOC (2021 ortization 515) Het gain-OCT (2021 montiration, 510) There were no changes in actuarial assumption December 31, 2021 Cash contributions to person fund) Deceber 31, 2021 Benefit payments to retires December 11.2024 3,000 2,700 3100 395 420 185 Required: 1. Determine pension expense for 2021 2. Prepare the journal entries to record (1) pension expense, ) gains and losses of any). (@funding, and (d) retiree benefits for 2021 Complete this question by entering your answers in the tabs below. Required: 1. Determine pension expense for 2021 2. Prepare the journal entries to record (a) pension expense, by gains and losses (if any) (c) funding, and (d) retiree benefits for 2021. Complete this question by entering your answers in the tabs below. Required: Foquired 2 Determine pension expense for 2021. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to I decimal place (.., 5.500 should be entered as 3) Pension Expense Pension expense Required 2 > Journal entry worksheet Record the pension expense. Note: Enter debits before credits Transaction General Journal Debit Credit A Record entry Clear entry View general Journal

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