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how do I do this? Sarasota Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $91,300 Contribution
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Sarasota Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $91,300 Contribution to the plan 102,900 Prior service cost amortization 9,500 Actual and expected return on plan assets 64,800 Benefits paid 39,400 Plan assets at January 1, 2020 648.700 Projected benefit obligation at January 1, 2020 694,400 Accumulated OCI (PSC) at January 1, 2020 150.900 Interest/discount (settlement) rate 9 % Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive) General Jo Items Annual Pension Expense Cash $ Balance, January 1, 2020 $ Service cost Interest cost > Actual return > Amortization of PSC Contributions 5 Journal entry for 2020 Accumulated OCI. Dec 31, 2019 Balance, Dec 31, 2020 SARASOTA COMPANY Pension Worksheet-2020. General Journal Entries OCI Prior Service Cost Pension Asset/ Liability Pr $ V > > > > > > > > 5 Memo Record Projected Benefit Obligation Plan Assets $ $ > > V V > S 5
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