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Exercise 20-1 The following information is available for the pension plan of Nash Company for the year 2017. $15,300 40,500 92,900 Actual and expected return
Exercise 20-1 The following information is available for the pension plan of Nash Company for the year 2017. $15,300 40,500 92,900 Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2017 Service cost 11 % 7,300 474,000 58,500 Compute pension expense for the year 2017. Pension expense for 2017 Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in2 enter 0 for the amounts.) Account Titles and Explanation Debit Credit
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