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The following information is available for the pension plan of Blossom Company for the year 2025. Actual and expected return on plan assets Benefits
The following information is available for the pension plan of Blossom Company for the year 2025. Actual and expected return on plan assets Benefits paid to retirees $15,000 39,300 Contributions (funding) 84,400 Interest/discount rate 10% Prior service cost amortization 8,100 Projected benefit obligation, January 1, 2025 490,000 Service cost 56,600 (a) Compute pension expense for the year 2025. (b) Pension expense for 2025 eTextbook and Media List of Accounts Save for Later $ Attempts: unlimited Submit Answer 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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