Exercise 20-12 Ayarya Company received the following selected information from its pension plan trustee coming the operation of the company's defined benefit pansion plan for the year anded December 31, 2020 January 1, 2020 December 31, 2020 Projected bunt obligation $1,238.000 $1,526,000 Market-related and fair value of planas 784,000 1,116,400 Accumulated benefit obligation 1,572.000 1,691,700 Accumulated OCI (G/L)-Nutcai 0 (199,800 The service cost component of pansion espace for employee strierendered in the current year amounted to $78,000 and the amortization of price Service cost mas $119,700. The company's actual funding (contribution of the plan in 2020 amounted to 5254,000. The expected return on plan assets and the actual tale were both 10%, the interdiscount settlement)rale mas 104. Accumulated other comprave income (DSC) had a balance of S1,197,000 on January 1, 2020. Assume no benefits paid in 2020. You wer is partially corred. Try again Delmine the amounts of the components of pension deputat should be recognized by the company in 2020. (Enter amounts that reduce pansion expense with either a negative in preceding the number.. 45 or previse.. (45).) Components of Pension Expanse Erica 78000 Interest on Pinter 162800 Expected return on an -784000 V Aortization of Prince Cast V 119700 260100 SHOW LIST OF ACCOUNTS LINK TO TOT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Your wris partially corred. Try again Prepare the journal try to record pertinexpense and the employer's contribution to the pension plan in 2020. (Credit accouro Litles are automatically indeed where mortis anred. Do not indera manually. If no antry is required, select "No Entry" for the account titles and wer for the amours.) Account Titles and Explanation Dabit Credit on Expense 269100 |tan Aalay Bar comprave Ince To record person and contron) SHOW LIST OF ACCOUNTS LINK TO TOUT LINK TO TELT LINK TO TEXT LINK TO TEXT LINK TO TEXT Your wristally correct. Try again. Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Ayayai Company for the year 2020. Ayayai Com Income Statement (Partial) For the Year Ended December 31, 2020 1.2020 V Durating Exp Exercise 20-12 Ayarya Company received the following selected information from its pension plan trustee coming the operation of the company's defined benefit pansion plan for the year anded December 31, 2020 January 1, 2020 December 31, 2020 Projected bunt obligation $1,238.000 $1,526,000 Market-related and fair value of planas 784,000 1,116,400 Accumulated benefit obligation 1,572.000 1,691,700 Accumulated OCI (G/L)-Nutcai 0 (199,800 The service cost component of pansion espace for employee strierendered in the current year amounted to $78,000 and the amortization of price Service cost mas $119,700. The company's actual funding (contribution of the plan in 2020 amounted to 5254,000. The expected return on plan assets and the actual tale were both 10%, the interdiscount settlement)rale mas 104. Accumulated other comprave income (DSC) had a balance of S1,197,000 on January 1, 2020. Assume no benefits paid in 2020. You wer is partially corred. Try again Delmine the amounts of the components of pension deputat should be recognized by the company in 2020. (Enter amounts that reduce pansion expense with either a negative in preceding the number.. 45 or previse.. (45).) Components of Pension Expanse Erica 78000 Interest on Pinter 162800 Expected return on an -784000 V Aortization of Prince Cast V 119700 260100 SHOW LIST OF ACCOUNTS LINK TO TOT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Your wris partially corred. Try again Prepare the journal try to record pertinexpense and the employer's contribution to the pension plan in 2020. (Credit accouro Litles are automatically indeed where mortis anred. Do not indera manually. If no antry is required, select "No Entry" for the account titles and wer for the amours.) Account Titles and Explanation Dabit Credit on Expense 269100 |tan Aalay Bar comprave Ince To record person and contron) SHOW LIST OF ACCOUNTS LINK TO TOUT LINK TO TELT LINK TO TEXT LINK TO TEXT LINK TO TEXT Your wristally correct. Try again. Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Ayayai Company for the year 2020. Ayayai Com Income Statement (Partial) For the Year Ended December 31, 2020 1.2020 V Durating Exp
