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2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(i) to recoed amy 2024 galns and losses and new prior service cost in 2024 4. Prepere the 2024 journal entries to record (a) the cash contribution to dan assets and (b) the parment of retiree benefits. Note: if no entry a roquired for a transactionjevent, select "No journal entry required" in the first account fleld, Emer vour answers in millions (i.e, 10,000,000 should be ensered as 10): Journal entry worksheet 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the joumal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. 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 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the fournal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in milions (i.e, 10,000,000 should be entered as 10). Show less a Journal entry worksheet 6 Record any 2024 gain or loss for the change in the assumption rogarding the paO Note: Enter debits before ciedes. 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 jocumat entries to record (a) the cash contribution to plan assets and (b) the payment of retireo benefits. Note: If no entry is required for a transactionvevent, select "No journat entry required" in the first account field. Enter vout answers in millons (L.e., 10,000,000 should be entered as 10). Journal entry worksheet Record the cash contribution to plan assets. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Note: If no entry is required for a transaction/event, select "No journat entry required" in the first account field, Enter your answers in milions (1.e, 10,000,000 should be entered as 10). Show less A 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the joumal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Note: If no entry is requlred for a transactionvevent, select "No journal entry required" in the first account field. Enter your answers in millions (1.e., 10,000,000 should be entered as 10). Show less A Journal entry worksheet Record any 2024 gain or loss for the difference in the actual return versus the expected return. Note: Enter sebits before credits. A partially completed pension spreadsheet showing the relationships among the elements that constitute Corney, Incorporated's defined benefit pension plan follows. Six years earlier, Carney revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior service cost created by the recalculation is being amortized at the rate of $4 million per year. At the end of 2024 , the pension formula was amended again, creating an additional prior service cost of $30 million. The expected rate of return on assets and the actuary's discount rate were 10%, and the average remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Complete this question by entering your answers in the tabs below. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Notei if no entry is required for a transaction/ovent, select "No journal entry required" in the first account feld. Enter your answers in millions (1.e., 10,000,000 should be entered as 10). A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Incorporated's defined benefit pension plan follows. Six years earlier, Carney revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior sorvice cost created by the recalculation is being amortized at the rate of $4 million per year. At the end of 2024, the pension formula was amended again, creating an additional prior service cost of $30 million. The expected rate of return on assets and the actuary's discount rate were 10%, and the average remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024 . 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the poyment of retiree benefits. Complete this question by entering your answers in the tabs below. 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Note: if no entry is required for a transaction/event, select "No journat entry required" in the first account field. Enter your answers in millons (i.e, 10,000,000 should be entered as 10). 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(i) to recoed amy 2024 galns and losses and new prior service cost in 2024 4. Prepere the 2024 journal entries to record (a) the cash contribution to dan assets and (b) the parment of retiree benefits. Note: if no entry a roquired for a transactionjevent, select "No journal entry required" in the first account fleld, Emer vour answers in millions (i.e, 10,000,000 should be ensered as 10): Journal entry worksheet 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the joumal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. 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 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the fournal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in milions (i.e, 10,000,000 should be entered as 10). Show less a Journal entry worksheet 6 Record any 2024 gain or loss for the change in the assumption rogarding the paO Note: Enter debits before ciedes. 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 jocumat entries to record (a) the cash contribution to plan assets and (b) the payment of retireo benefits. Note: If no entry is required for a transactionvevent, select "No journat entry required" in the first account field. Enter vout answers in millons (L.e., 10,000,000 should be entered as 10). Journal entry worksheet Record the cash contribution to plan assets. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Note: If no entry is required for a transaction/event, select "No journat entry required" in the first account field, Enter your answers in milions (1.e, 10,000,000 should be entered as 10). Show less A 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the joumal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Note: If no entry is requlred for a transactionvevent, select "No journal entry required" in the first account field. Enter your answers in millions (1.e., 10,000,000 should be entered as 10). Show less A Journal entry worksheet Record any 2024 gain or loss for the difference in the actual return versus the expected return. Note: Enter sebits before credits. A partially completed pension spreadsheet showing the relationships among the elements that constitute Corney, Incorporated's defined benefit pension plan follows. Six years earlier, Carney revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior service cost created by the recalculation is being amortized at the rate of $4 million per year. At the end of 2024 , the pension formula was amended again, creating an additional prior service cost of $30 million. The expected rate of return on assets and the actuary's discount rate were 10%, and the average remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Complete this question by entering your answers in the tabs below. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024. 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Notei if no entry is required for a transaction/ovent, select "No journal entry required" in the first account feld. Enter your answers in millions (1.e., 10,000,000 should be entered as 10). A partially completed pension spreadsheet showing the relationships among the elements that constitute Carney, Incorporated's defined benefit pension plan follows. Six years earlier, Carney revised its pension formula and recalculated benefits earned by employees in prior years using the more generous formula. The prior sorvice cost created by the recalculation is being amortized at the rate of $4 million per year. At the end of 2024, the pension formula was amended again, creating an additional prior service cost of $30 million. The expected rate of return on assets and the actuary's discount rate were 10%, and the average remaining service life of the active employee group is 10 years. Required: 1. Fill in the missing amounts. 2. Prepare the 2024 joumal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024 . 4. Prepare the 2024 joumal entries to record (a) the cash contribution to plan assets and (b) the poyment of retiree benefits. Complete this question by entering your answers in the tabs below. 2. Prepare the 2024 journal entry to record pension expense. 3. Prepare the journal entry(s) to record any 2024 gains and losses and new prior service cost in 2024 4. Prepare the 2024 journal entries to record (a) the cash contribution to plan assets and (b) the payment of retiree benefits. Note: if no entry is required for a transaction/event, select "No journat entry required" in the first account field. Enter your answers in millons (i.e, 10,000,000 should be entered as 10)