Problem 20-2 Metlock Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $203,100; projected benefit obligation $252,000. Other data relating to 3 years' operation of the plan are as follows Settlement rate and expected rate of return Actual return on plan assets Benefits paid Prior service cost (plan amended, 1/1/17 Amortization of prior service cost a December 31, 2018, projected benefit Prepare a pension worksheet presenting all 3 years' pension balances and activities. (Enter all amounts as positive) 17, 2018 Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Ir no entry is required, select "No Entry" for the account titles and enter O for the amounts) D31, 2016 Dec 31, 2017 Dec 31, 21 Indicate the pension-related amounts reported in the financial statements for 2018. (Enter negative amounts using either a negative sign preceding the number e.g. -15,200 or parentheses e.g. (15,200).) Metlock Company Partial Income Statement Metlock Company Comprehensive Inceme Statement Metlock Cempany Partial Balance Sheet Problem 20-2 Metlock Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $203,100; projected benefit obligation $252,000. Other data relating to 3 years' operation of the plan are as follows Settlement rate and expected rate of return Actual return on plan assets Benefits paid Prior service cost (plan amended, 1/1/17 Amortization of prior service cost a December 31, 2018, projected benefit Prepare a pension worksheet presenting all 3 years' pension balances and activities. (Enter all amounts as positive) 17, 2018 Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Ir no entry is required, select "No Entry" for the account titles and enter O for the amounts) D31, 2016 Dec 31, 2017 Dec 31, 21 Indicate the pension-related amounts reported in the financial statements for 2018. (Enter negative amounts using either a negative sign preceding the number e.g. -15,200 or parentheses e.g. (15,200).) Metlock Company Partial Income Statement Metlock Company Comprehensive Inceme Statement Metlock Cempany Partial Balance Sheet
