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undefined Stellar Company provides the following information about its defined benefit pension plan for the year 2020. Service cost Contribution to the plan Prior service
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Stellar Company provides the following information about its defined benefit pension plan for the year 2020. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2020 Projected benefit obligation at January 1, 2020 Accumulated OCI (PSC) at January 1, 2020 Interest/discount (settlement) rate $90.800 106,900 9.000 63,500 40.100 642,500 707,800 152,900 11 % (a) Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive.) General Jour Annual Pension Expense Items Cash $ $ Balance, January 1, 2020 90.800 Service cost Dr. V 77,858 Dr. Interest cost Actual return 63,500 Cr. V Cr. V Amortization of PSC Contributions Benefits $ $ Journal entry for 2020 Accumulated OCI, Dec. 31, 2019 Balance Der 21 2020 Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive.) STELLAR COMPANY Pension Worksheet-2020. | Journal Entries Prior Service Cost Pension Asset/ Liability Projected Benefit Obligation $ $ > >Step by Step Solution
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