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Exercise 20-3 (Part Level Submission) Sarasota 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) Sarasota Company provides the following information about its defined benefit pension plan for the year 2017 Service cost Contribution to the plan Prlor service cost amortizatlon 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 Interestydiscount (settlement) rate $88,500 104,900 10,300 64,000 39,300 627,200 686,300 152,900 9 on Prepare a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017. (Enter all amounts as positive.) SARASOTA COMPANY Pension Worksheet-2017 Annual Pension Expense OCI Prior Service Cost Pension Asset/ Liability Projected Benefit Obligation Plan Assets Items Cash Balance, January 1, 2017 Service cost Interest cost Prepare a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017. (Enter all amounts as positive.) SARASOTA COMPANY Pension Worksheet-2017 General Journal Entries Memo Record Annual Pension Expense OCI Prior Service Cost Pension Asset/ Liability Projected Benefit Obligation Plan Assets Items Cash 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, 201:7 Click if you would like to Show Work for this
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