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Im having trouble with the last few columns in the pension worksheet, mainly the amortization and ending. I also need help with the journal entries
Im having trouble with the last few columns in the pension worksheet, mainly the amortization and ending. I also need help with the journal entries that are needed.
Actuary and trustee reports indicate the following changes in the PBO and plan assets of Reeves Uniforms during 2021: ] ] ] Required: 1. Determine Reeves' pension expense for 2021 and prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets. 2. Determine the new gains and/or losses in 2021 and prepare the appropriate journal entry to record them. 3. Prepare a pension spreadsheet to assist you in determining end of 2021 balances in the PBO, plan assets, prior service cost, the net loss-AOCI, and the pension liability-AOCIStep by Step Solution
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