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repost my question due to lack of explanation on previous answer. please help me asap AL - 2011 Posts P20-13 Postretirement Benefit Worksheet. Page 1174 1 WOLLENBECK FOODS INC entent Worksheet 2017 GO Accomo De 22 Banc Dec 31, 2017 20 Pse GROUPWORK u Ling the shows the ending w mayor po i t t h expense and the year-end balance in the a pos wheet the t bend Chapter 20 Post Retirement Int Acctgil Ho Draw Page Layout Formulas Data Review View Help Soda POF 10 Creator - 14 = General Home Insert -X Cut - Copy Format Painter Clipboard - 1 x Colibri BIV- - A A A.A. Wrap Text Mergea Center - Search 18 E2 Normal Conditional Format as Check Cell Formatting" Table $ -% % 58 - Font Alignment Number for P20-13 Postretirement Benefit Worksheet. Page 1174 D E B C P20-13 Postretirement Benefit Worksheet. Page 1174 ajusing the data in the assignment compute the net periodic postretirement benefit cost for 2017. Show the journal entry for expense and the year end balances in the related postretirement benefits memo accounts. Assume that contributions and benefits are paid at the end of the year. Use the worksheet below. Show whether amounts should be debited or credited - (a) HOLLENBECK FOODS INC. Postretirement Benefit Worksheet-2017 General Journal Entries Memo Record tems Plan Annual Postretirement Cash Expense Postretir OCH-Gement in Loss Asset ability NPBO Balance, Jan 1, 2017 14 Service cost 15 Interest cost" 16 Actual return Unexpected gain 1 Contributions 19 Benets 20 Journal entry for 2017 21 Accumulated OCI, Dec 31, 2016 22 Balance, Dec 31, 2017 25 b) Prepare journal entries related to the post retirement plan for 2017 and indicate the post element amounts reported in the 2017 E20-19 P20-13 2205 Type here to search "P20-13 (106,7) GROUPWORK (Postretirement Benefit Worksheet) Hollenbeck Foods Inc. sponsors a postretirement med Teat and dental benefit plan for its employees. The following balances relate to this plan on January 1, 2017 Plan assets $200,000 Expected postretirement benefit obligation 820,000 Accumulated postretirement benefit obligation 200,000 No prior service costs or OCI balances exist. As a result of the plan's operation during 2017, the following additional data are provided by the actuary Service cost is $70,000 Discount rate is 10% Contributions to plan are $65,000 Expected return on plan assets is $10,000 Actual return on plan assets is $15,000 Benefits paid to employees are $14,000 Average remaining service to full eligibility: 20 years Instructions (a) Using the preceding data, compute the net periodic postretirement benefit cost for 2017 by preparing a worksheet that shows the journal entry for postretirement expense and the year-end balances in the related postretirement benefit memo accounts. (Assume that contributions and benefits are paid at the end of the year.) (b) Prepare anviournal entries related to the postretirement plan for 2017 and indicate the postretirement amounts reported in the financial statements for 2017. Years) Elton Co. has the following postretirement benefit plan bal- repost my question due to lack of explanation on previous answer. please help me asap AL - 2011 Posts P20-13 Postretirement Benefit Worksheet. Page 1174 1 WOLLENBECK FOODS INC entent Worksheet 2017 GO Accomo De 22 Banc Dec 31, 2017 20 Pse GROUPWORK u Ling the shows the ending w mayor po i t t h expense and the year-end balance in the a pos wheet the t bend Chapter 20 Post Retirement Int Acctgil Ho Draw Page Layout Formulas Data Review View Help Soda POF 10 Creator - 14 = General Home Insert -X Cut - Copy Format Painter Clipboard - 1 x Colibri BIV- - A A A.A. Wrap Text Mergea Center - Search 18 E2 Normal Conditional Format as Check Cell Formatting" Table $ -% % 58 - Font Alignment Number for P20-13 Postretirement Benefit Worksheet. Page 1174 D E B C P20-13 Postretirement Benefit Worksheet. Page 1174 ajusing the data in the assignment compute the net periodic postretirement benefit cost for 2017. Show the journal entry for expense and the year end balances in the related postretirement benefits memo accounts. Assume that contributions and benefits are paid at the end of the year. Use the worksheet below. Show whether amounts should be debited or credited - (a) HOLLENBECK FOODS INC. Postretirement Benefit Worksheet-2017 General Journal Entries Memo Record tems Plan Annual Postretirement Cash Expense Postretir OCH-Gement in Loss Asset ability NPBO Balance, Jan 1, 2017 14 Service cost 15 Interest cost" 16 Actual return Unexpected gain 1 Contributions 19 Benets 20 Journal entry for 2017 21 Accumulated OCI, Dec 31, 2016 22 Balance, Dec 31, 2017 25 b) Prepare journal entries related to the post retirement plan for 2017 and indicate the post element amounts reported in the 2017 E20-19 P20-13 2205 Type here to search "P20-13 (106,7) GROUPWORK (Postretirement Benefit Worksheet) Hollenbeck Foods Inc. sponsors a postretirement med Teat and dental benefit plan for its employees. The following balances relate to this plan on January 1, 2017 Plan assets $200,000 Expected postretirement benefit obligation 820,000 Accumulated postretirement benefit obligation 200,000 No prior service costs or OCI balances exist. As a result of the plan's operation during 2017, the following additional data are provided by the actuary Service cost is $70,000 Discount rate is 10% Contributions to plan are $65,000 Expected return on plan assets is $10,000 Actual return on plan assets is $15,000 Benefits paid to employees are $14,000 Average remaining service to full eligibility: 20 years Instructions (a) Using the preceding data, compute the net periodic postretirement benefit cost for 2017 by preparing a worksheet that shows the journal entry for postretirement expense and the year-end balances in the related postretirement benefit memo accounts. (Assume that contributions and benefits are paid at the end of the year.) (b) Prepare anviournal entries related to the postretirement plan for 2017 and indicate the postretirement amounts reported in the financial statements for 2017. Years) Elton Co. has the following postretirement benefit plan bal
