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Exercise 20-3 (Part Level Submission) Marin Company provides the following information about its defined benefit pension plan for the year 2017. Service cost Contribution to
Exercise 20-3 (Part Level Submission) Marin Company provides the following information about its defined benefit pension plan for the year 2017. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Projected benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 $91,700 104,300 10,800 65,300 39,700 633,400 711,600 148,000 Interest/discount (settlement) rate 10% (a) Prepare a pension worksheet Inserting January 1, 2017,balances, showing December 31, 2017. (Enter all amounts as posltive.) MARIN COMPANY Pension Worksheet-2017 General Jounal Entries Memo Record Annual Pension Expense OCI Prior Service Cost Pension Asset Projected Benefit Plan Assets Cash Liability Obligation Items Balance, January 1, 2017 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017
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