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Pharoah Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2017 and 2018. Please finish both
Pharoah Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2017 and 2018.
Please finish both Q1 and Q2 Q1 Q2 Prepare the journal entries to record the pension expense and the company's funding ofthe pension plan for both yea rs. If Credit account titles are automatically indented when amount is entered. Do not indent manually. If no en try is required, select "No Entry" for the account titles and enter D for the amounlsh Date Amunt \"lilies and Explanation Dec. 31,r EDI Pension Expense l |E Pension ASSELiabiliw 33.2so Other Comprehensive II 9,36i] Other Com preh en share [I 1i]_4 i] [1 Cash 119,600 ul' Dec. 31: 2'31' Pension Expense 141,44El Cash 124,800 Pension AEEEULiabiIiW 4,16i] In In In [In In In I!!! In In Other Com preh en sive II 12.4 S i] Calculate the amount of net pericdic pensinn expense that the cum [Remind answers tn 0 decimal places, e.g. 2,525.} _ Penslen expense for 2:11? $ stump Pensicn expense fer 2:118 S [3-in- Pensicn expense for 2019 $ \fCalculate the amount of net periodic pension expense that the companyr w: {Round answers to 0 decimal places, ea. 2,525.} . Pension expense for 21? $ au'um] , Pension expense for 218 1; Helena 5 . Pension expense for 2:119 | $ ..Step by Step Solution
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