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Splish Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2020 and 2021 2020 2021 $817,830
Splish Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2020 and 2021 2020 2021 $817,830 $993.330 819,000 936,000 163,800 Cr. ? 292,500 280.800 105,300 Plan assets (fair value) December 31 Projected benefit obligation January 1 Pension asset/liability, January 1 Prior service cost, January 1 Service cost Actual and expected return on plan assets Amortization of prior service cost Contributions (funding) Accumulated benefit obligation. December 31 Interest/settlement rate 70,200 28,080 35.100 11,700 14.040 140,400 134,550 585,000 643,500 10 % 10 % (a) * Your answer is incorrect. Compute pension expense for 2020 and 2021 Pension expense for 2020 112320 Pension expense for 2021 $ 148590 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer re the journal entries to record the pension expense and the company's funding of the pension plan for both years. (Credit account titles are atically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the Debit Credit ate Account Titles and Explanation 1.2020 Pension Expense 441570 Pension Asset/Liability Other Comprehensive Income (PSC) 12300 Other Comprehensive Income (G/L) Cash 2021 Pension Expense 182544 Pension Asset/Liability Other Comprehensive Income (PSC) 14760 cash
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