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The following information is available for the pension plan of Larkspur Company for the year 2020. Actual and expected return on plan assets $
The following information is available for the pension plan of Larkspur Company for the year 2020. Actual and expected return on plan assets $ 16,300 Benefits paid to retirees 38,400 Contributions (funding) 94,400 Interest/discount rate 11 % Prior service cost amortization 8,800 Projected benefit obligation, January 1, 2020 510,000 Service cost 63,300 Pension expense for 2020 $ Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. (Credit. titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
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