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I have the answers already, but please help me figure out what these numbers mean for a business? entry for 2017 AccumulatedOC1. Dec 31, 2016
I have the answers already, but please help me figure out what these numbers mean for a business?
entry for 2017 AccumulatedOC1. Dec 31, 2016 Balance, Dec 31, 2017 2017 Pension Amounts: Pension Expen Statement se on Income Pension Liability on Balanc e Sheet Deferred pen $ Debit 113,260 98,250 99,000 credit 99.000 credit S credit 19.000 S credit 19,000 100,000 Debit S Debit 81,000 Sion Carried to 2018 211.250 18,000 #5. Assumed rate January 1, 2017 5.000 credit S 76,000 Debit 71,000 Debit 66250 credit S 24,000 Debit 211,260 credit 625,000 credit 90,000 credit 56,250 Credit 85,000 Debit 76,000 credit 762,250 credit assets S 480,000 Debit 57,000 Debit 99,000 Debit s 85,000 credit 551,000 Debit Items Balance, Jan 1, 2017 Service cost Interest cost Actual Return ed Return ration of PSC Contribution s Benefits Liability increase Journa/ entry for 2017 Accumulated OC/, Dec 31, 2016 ance. Dec 31. 2017 Annual Pension 90,000 56260 Debit 57.000 credit S Credit 10,200 S Debit 19,000 98,060 Debit e as of Cash 99,000 credit 99,000 credit Service Cost $ Credit 19,000 $ credit 19,000 100.000 Debit $ Debt 81,000 Gam/Loss 10,200 credit $ 76,000 Debit S 65.800 Oebit S 24,000 Debit Pension Asset/L1ability 145,000 credit 66,250 credit 211.250 credit s Projected Benefit Obhgation $ 626 000 credit 90.000 credit 56,250 cret,t 86,000 Debit 76,000 credit 762250 credit assets 480,000 Debit 67,000 Debit 99,000 Debit 85.000 credit 651,000 Debit
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