oh ceasing salaries of its debt collection staff for each year of additional experience. eave for non-managerial debt collection staff . At 30 June 2018, the provision for long service l was $132 000. Required Prepare the journal entry to account for Bluebell Ltd's provision for long service leave at 30 June 2019 in relation to the non-managerial employees of the company's debt collection business. 9.20 Accounting for defined benefit superannuation plans ** LO5 Lily Ltd provides a defined benefit superannuation plan for its managers. The following infor- mation is available in relation to the plan. 2019 Present value of the defined benefit obligation 1 July 2018 Fair value of plan assets 1 July 2018 Current service cost Contributions paid by Lily Ltd to the fund during the year Benefits paid by the fund during the year Present value of the defined benefit obligation 30 June 2019 Fair value of plan assets at 30 June 2019 10000000 9 500 000 1 150000 1000000 1 200000 10 750 000 10047 500 Additional information No past service costs were incurred during the year ended 30 June 2019. 9%. . The interest rate used to measure the present value of defined benefits at 30 June 2018 was The interest rate used to measure the present value of defined benefits There was an actuarial gain pertaining to the present value of the defined benefit obligation as a result of an increase in the interest rate. . The only remeasurement affecting the fair value of plan assets is the return on plan assets. 350 Financial reporting in Australia