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The following information is available for the pension plan of Wildhorse Company for the year 2025. Actual and expected return on plan assets Benefits paid
The following information is available for the pension plan of Wildhorse Company for the year 2025. Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2025 Service cost Your answer is correct. Compute pension expense for the year 2025. Pension expense for 2025 $ eTextbook and Media List of Accounts $14,700 Account Titles and Explanation 40,800 81,100 10% 7,600 458,000 63,900 102600 1 Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Debit Attempts: 2 of 3 used Credit
The following information is available for the pension plan of Wildhore Company for the year 2025 Actual and expected return on plan assets $14,700 Benefits paid to retirees 40,800 Contributions (funding) Interest/discount rate 81,100 10% Prior service cost amortization 7.600 Projected benefit obligation, January 1, 2025 458,000 Service cost 63,900 (a) Your answer is correct Compute pension expense for the year 2025 Pension expense for 2025 $ eTextbook and Media List of Accounts 302600 Attempts: 2 of 3 used (b) Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) Account Titles and Explanation Debit Credit
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