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Question 1 Sarasota Co. provides the following information about its postretirement benefit plan for the year 2017 $96,000 2,900 54,700 56,200 42,600 701,700 745,500 Service
Question 1 Sarasota Co. provides the following information about its postretirement benefit plan for the year 2017 $96,000 2,900 54,700 56,200 42,600 701,700 745,500 Service cost Prior service cost amortization Contribution to the plan Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Accumulated postretirement benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 Discount rate 93,500 Dr 9% Prepare a worksheet inserting January 1, 2017, balances, showing December 31, 2017, balances and the journal entry recording postretirement benefit expense. (Enter all amounts as positive.) SARASOTA CO Postretirement Benefit Worksheet-2017 Annual Postretireme Postretirement Asset/ oCI-Prior Cash Service Cost Liability Plan Assets Items Expense Balanc e, Jan. APBO 2017 Servic e cost Inte t cost Actual return Contri bution Benefit Amorti zation of PSC Journa l entry
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