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Exercise 20-24 (Part Level Submission) The accounting staff of Nash Inc. has prepared the postretirement benefit worksheet below. Unfortunately, several entries in the worksheet are
Exercise 20-24 (Part Level Submission) The accounting staff of Nash Inc. has prepared the postretirement benefit worksheet below. Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2020. (a) Determine the missing amounts in the 2020 postretirement worksheet, indicating whether the amounts are debits or credits (Enter all amounts as positive.) Nash Inc. General Journal Entries Other Comprehensive Postretirement Asset/ Liability Balance, Jan 1, 2020 $291.000 5412.000 6 $121,000 1,800 Interest Cost Actual/Expected return Contributions Benefits 565.100 Amortization of PSC 2.500 29,900 Dr Journal entry for 2020 Accumulated OCI, Dec 31, 2019 Balance, Dec 31, 2020 Click if you would like to show Work for this question: Son Show Work 5220 CM. 1499780 C
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