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Journal entry worksheet Record the gain or loss on plan assets in 2024. Note: Enter debits before credits. Journal entry worksheet Record the entry for
Journal entry worksheet Record the gain or loss on plan assets in 2024. Note: Enter debits before credits. Journal entry worksheet Record the entry for pension expense in 2024. Note: Enter debits before credits. Journal entry worksheet Record the entry for cash paid to the pension trustee in 2024. Note: Enter debits before credits. Hutchison-Sun Corporation has a defined benefit pension plan. Hutchison-Sun's policy is to fund the plan annually, cash payments being made at the end of each year. Data relating to the pension plan for 2024 are as follows: (14%$900)(13%$900) Required: Re-create the journal entries used to record Hutchison-Sun's 2024 pension expense, gain on plan assets, and funding of plan assets in order to determine the cash paid to the pension trustee as reported in the statement of cash flows. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Journal entry worksheet Record the gain or loss on plan assets in 2024. Note: Enter debits before credits
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